The chart of Baidu.com (BIDU) shows a possible A-B-C correction that is working off the move since the IPO in 2005.
BIDU With A-B-C Retrace Near 50/50 Point
November 4th, 2008 No Comments
Tags: BIDU
Transports and Emerging Markets
November 4th, 2008 1 Comment
The Dow Jones Transportation Average Index (TRAN) shows price slightly above the 50% price retrace line of the 2003-2007 bull market. Price bounced off the 1×2 descending Gann angle and never reached the 1×1 ascending angle (blue). This is somewhat bullish.
Tags: A-B-C Correction · Dow Jones Transportation Average (TRAN)