S & P RETAIL INDEX - $RLX
Monthly chart shows a possible large abc corrective wave pattern into the high made in February 2007. The retail index has been selling off ever since. So far, November 2007 has seen nothing but selling in the retailing index.
Weekly chart shows the index broke out of consolidation and made a sharp move down into current low.
Daily chart better shows how index finally broke out of the consolidation/corrective wave pattern and headed lower. No buy pattern in sight.
Daily chart better shows how index finally broke out of the consolidation/corrective wave pattern and headed lower. No buy pattern in sight.
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