PBW Ends Corrective Process
http://www.tigersharktrading.com/articles/5167/1/PBW-Ends-Corrective-Process/Page1.html
By Mike Paulenoff
Published on 08/15/2006
Mike Paulenoff's near-term and intermediate-term technical work on the PBW (Powershares Clean Energy) argues strongly that PBW ended its major corrective process yesterday.
PBW Ends Corrective Process
My near-term and intermediate-term technical work on the Powershares Clean Energy ETF (PBW) argues strongly that PBW ended its major corrective process yesterday at 16.52 – or after a decline of 32% off its May peak at 24.08.
Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.