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楼主 |
发表于 2009-5-19 09:06
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四月 30, 2009 - 07:39 上午Any Thoughts on OIH's Shrinking Volume?
Posted: 07:39 上午 | Comments (View) | Permalink
What's bothersome about this kind of thing is, I suppose, what bothers a lot of people about Elliott Wave Analysis, which is..........any given interpretation always had an opposite alternate, and if things don't go your way, then you just switch to the alternate without appearing to have really changed horses midstream. In other words, I Am Right Until I Am Wrong. So the ending diagonal which has had everyone (including me) all atwitter is now simply a mistake.
I've been beating the S&P 1,050 drum pretty much since drums were invented, but I am shocked, baffled, surprised, and slack-jawed that it's getting there without one stinking pause. Not one. It just keeps going up.

I will note that today's high was just a hair below the Fibonacci retracement, which is the latest flimsy barrier the bears have erected (this one made up of wet toilet paper and a couple of twigs that were found laying on the ground). It would take a good sneeze to blow it down. |
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