Technical observations of RossClark@shaw.ca
Prices have now consolidated similarly in pattern and time to what was seen in 2001, 2002 and 2003 (17, 19 & 23 days).
The first day with a higher high should suggest the bottom is in place. Once it is followed by a MACD signal we'll have an even better confirmation. For traders, risk can be controlled at the lows of this consolidation.
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