Posted is a 60 min Emini chart showing what appears to be a terminal rising wedge pattern. It looks like it may need one more pullback to the bottom trendline of the wedge followed by a final thrust up to complete the pattern. The final wave up may or may not throw over the upper wedge trendline.
Time patterns in various stock indices = possible change in trend for week of 4/5/10. The ocean of money pumped into the markets via QE over the last year has kept indexes in relentless up trends. Lets see if the confluence of dynamic and linear time patterns shown in the charts will have any effect in reversing things....at least for awhile.
Kim Rice 4/4/10
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