Thursday, June 10, 2010
Who knows?
Perhaps we just had to run this channel up, fail at reaching the upper trend line (cuz we hit it a week ago) and now on to big beautiful red candles!?! Been a long time since I've seen the Stoch and William's pegged in overbought all day..was like they were sucking the bulls in for the slaughter. We'll know more tomorrow as "our stomachs turn"
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nice post rati! I'm wondering if we are still in a corrective wave off the bottom that will resolve at the 200dma
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hi, rati, dark here.
ReplyDeleteyeah, I started tracking that one right after the market opened...I think I put it up a couple times on hob today. anyway, the ending move is a long, funky bear flag...maybe. guess the morning will tell if we have something here or not. hope we do!
http://screencast.com/t/NWJjYTkwMT
Wendy/John..not sure if we'll know the answer today or not..impossible to predict at this point..interesting as heck though!
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