Saturday, July 18, 2009

Similar Expanded Flat Happened in 1973

From this website

In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A,. The formation in the DJIA from August to November 1973 was an expanded flat correction of this type in a bear market, or an "inverted expanded flat".

Notice the similar pattern with STI????

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