Loading ...Mid Point Bearish Falling Wedge….an Historic Example
You may recall my analysis of the 1907 Copper bear market. It is a great example of a Phase III mid-point Bearish Falling Wedge. It serves as a good example of what is likely happening now in this PM bear market. Its a great analog. Now most gold followers are identifying this as a bull flag or bullish wedge. They all point to the many indicators that would justify a rally here. Stochastics, MACD, RSI on and on. But the value of this site is that of trying to be objective. Of course none of us know for sure but here is a great real world example of a Bearish falling Wedge in a Phase III. Could it be the Mid-Point? It sure was in September 1907.
1907 ?
Wow
Charts from 1907 !!!
Think about that for a moment !
5 generations of market players have come and gone since then
But the players in 1907 have left their mark on this chart…and Plunger remembers !
Great Stuff
Great post Plunger, much appreciated. Waiting for final flush (as is everyone apparently!!)
Plunger – we are on the same page!
Oh, that is a gorgeous chart of the 1906-1908 crash. Or perhaps I should congratulate the traders frm 1906-1908!
It doesn’t look that unlike the 2011-2015 gold chart.