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To be more specific... all TA references to a "W" formation I've
found prefer to go long on the second bottom of making the "W", but
nothing I've seen yet addresses the 2nd 'double' top.
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
>
> To anyone interested:
>
> Take a look at the ^SPX or !SPX chart.
>
> From Mid-July to present there is a clearly defined "W" Formation.
>
> Looks to me like both Support and Resistance limits have been defined,
> but I can't find any particular reference to the formation in TA
searches.
>
> Anyone else have any knowledge or opinions?
>
> My inclination is to short the E-Mini S&P500 based upon resistance.
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