Discussion in 'Technical Analysis' started by Melicious, Feb 24, 2009.

  1. Perhaps, not sure if it's going to be because of the elliot wave theory. However, we've had a lot of selling and the market should rally a bit, if anything for profit taking. Which it might be today. +244 as of post (DJI).

    Just hopped on google finance for a quick look.....could this be a V bottom getting ready to form? With all this talk of a "sharp rally" and the way the chart looks right now, looks/sounds like a V bottom pattern.

    Should be interesting to see how it plays out.