Well they must be, come on! Really!

At readtheticker.com we have the more important symbols going back 30 to 60 even 100 years. Great for large channel studies, cycles, and very long term trend analysis.

At readtheticker.com we are Elliot Wave lite users. However when a chart is easy to count the 5 wave down, extended (1 to 5 after a major 4) or not (a,b,c only). You now the shorts are going to have to cover soon!

A short covering rally would only attract more shorts, but it would create the bottom accumulation trading range that Wyckoff traders see after a selling climax and automatic reaction.

One to watch!

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"I have yet to find a man, in or out of Wall Street, who is able to make money in (markets) continuously or uninterruptedly. Like anyone else, I have good and bad periods." ~ Richard D Wyckoff

"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig

"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain

"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin