Wednesday, June 16, 2010

A couple of market and trading thoughts...

Now having seen that the market ended up as a ascending wedge, I see why I couldn't get a good entry point for a bullish run. Ascending wedges are a sign of a weak market. Had there been a typical A-B-C pattern in the up move from 6/8/10, there would have been more visits to the lower channel line, I believe...

By all rights, the market should be done with the rally, and with a couple days confirmation, it should be time to really go short....

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