Here's a hypothetical market. What's your perspective ? Long or Short ? Please vote and use this thread to comment about your perspectives. (The hypothetical chart is in the following post)
1) 1-1? 2) ?.......Elliott Wavers would be excited about a rally to ~$56. 3) Trend Followers would expect a decline to ~$49. 4) You could expect a lot of buy-stops at ~$53 from "old shorts" and "new longs". :eek: 5) "Big Money" would want to buy it at ~$50 and rally it to ~$63 for a complete retracement of the entire downtrend.