Wednesday, August 10, 2011

Don't try to catch a falling knife

Courtesy of KAL's Cartoon, the Economist




Dow dropped 400 points (3.55%) to 10,840 after one hour of trading, the rebound yesterday to 11239 appeared to be the mini wave iv, a one day affair. The mini wave v is likely to bring Dow to 10150 to form the sub-wave iii, which is 2.618 times the magnitude of sub-wave i.





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