1997, 2008, 2012, wedge formation , potential for downturn ?

Posted by investor77 > 2012-10-28 21:43 | Report Abuse

In Share Investor Magazine, malaysia, this month, one analyst mentioned that the rising wedge formation is a herald of a downturn. It happened in 1997, 2008,and may happen in 2012 ? Any truth, or opinion on this matter ? Thanks.

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2 comment(s). Last comment by investor77 2012-10-29 17:11

stock5678

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Posted by stock5678 > 2012-10-28 21:53 | Report Abuse

2013 May

investor77

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Posted by investor77 > 2012-10-29 17:11 | Report Abuse

perhaps it may not happen so soon, but later at the election annoumncement, or the result of Nov 6 US election, or the fiscal cliff that US is facing at end of year. Eclipse , according to a Fong Shui fella is on Nov 13, so maybe a down period ?

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