What we need to see for the bear case is a breakdown and back-test of the rising wedge. The wedge runs out of time on Tuesday, so it has to happen soon.
There is a slight chance it could break *up*, which ordinarily I’d say would be unbelievable, but, you know…
What a market eh Red. Seasonals suggest weakness the next few trading days. Market seems to be ignoring it. I’m still looking for a pullback short term. Lets see where they pin it tomorrow.
There is NO “Down”… only “UP”. Go right that on the chalk 500 times now please! LOL
There is NO “Down”… only “UP”. Go right that on the chalk 500 times now please! LOL
YEP sure do dread 🙂
YEP sure do dread 🙂
What we need to see for the bear case is a breakdown and back-test of the rising wedge. The wedge runs out of time on Tuesday, so it has to happen soon.
There is a slight chance it could break *up*, which ordinarily I’d say would be unbelievable, but, you know…
TWILIGHT ZONE RED !!!!!!!!!!!
NEW POST!
http://reddragonleo.com/2011/02/17/unbelievable-week-with-more-insanity/
It’s fracking insane Robert! I’m going nucking futs!
What a market eh Red. Seasonals suggest weakness the next few trading days. Market seems to be ignoring it. I’m still looking for a pullback short term. Lets see where they pin it tomorrow.
What’s your thoughts on tomorrow Robert?