TraderWise

It has been a while since I last wrote one of these. August has kept bears busy, so what are Stockcharts.com commentators saying about the market now?

Ron Walker of TheChartPatternTrader.com has a 60-minute chart which shows the bullish divergence in NYSE advancing/declining issues wih last week's triple bottom, but also illustrates a bearish wedge which could lead to a 30-40 point drop back to rising support.