brenomulo,
lol, your sheepy sheep bah bah comment.
I agree that it will only be a relief rally.
Though I find it hard to see how this degree of selling can be maintained.
Once hedge fund positons and the like have been unwound, the market should take a breather and it will.
nzoiler, your correct with your analysis, ive lost touch with the terminology, i just call them symmetrical triangles.
But its only a bear market flag, if it breaks to the downside. The indicators are pointing to an upside break.
But as always, ill be patient and wait for the break to occur and allow the price action to dictate my position.
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