A word on Elliott Wave
IF our bottom on the US Housing stocks was in early January’08 we need to have a higher low in March’08
AND
The higher low must be accompanied by more investor doom and gloom than existed during the lower low - Divergence between price and investor sentiment is the key
Surely the Higher low during the Bear Stearns panic of last Monday confirms the January bottom
IF our bottom on the US Housing stocks was in early January’08 we need to have a higher low in March’08
AND
The higher low must be accompanied by more investor doom and gloom than existed during the lower low - Divergence between price and investor sentiment is the key
Surely the Higher low during the Bear Stearns panic of last Monday confirms the January bottom
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