Stock Market Dam is Ready to Burst
By: Anthony Cherniawski
Dec 07, 2012
We finally caught the break we have been waiting for in the Euro. It broke its Bearish Wedge today, leaving no doubt of its destination. This is the first major “crack in the dam.” With the Euro uptrend broken, the rest of the markets will follow. Those who are long will be like the people living beneath the dam burst. They won’t even have time to make for higher ground.
There are several subscribers who are becoming impatient that nothing has yet happened. To them I simply say, “Stay on higher ground.” Please review the details from Edwards & Magee’s Technical Analysis of the Markets on the Orthodox Broadening Top. It is a very deceptive formation.