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Tuesday, March 27, 2012

Lots More Where That Came From

Not to be outdone, GS just completed a bearish Gartley Pattern on (need I say it?) strong negative divergence.

And, because Morgan Stanley wants to be just like GS when it grows up (rumor has it MS is negotiating an exclusive deal with The Grouch)  it's .51 away from completing its own Gartley at the intersection of fan lines off its Jun '07 high and Nov '08 low.

And, speaking of fan lines...

More later.

1 comment:

  1. PW fascinating stuff as usual. I am still looking forward to the research you are doing on the great crab of the 70's. I know that this time is NOT different. Look forward to your work. Thanks again.