Wednesday, March 26, 2008

A market in trouble....


Here's a classic snapshot of a trend failing on volume as it rises through it's Bollinger Band range, also with a wedge structure. It doesn't get much more Bearish then that...

2 comments:

aaaaaaum said...

Thanks Mark. Nice chart!
Good trading.

mlytle said...

Hi aaaaaaum,
Yes, thanks, this is such a classic bearish structure, it just jumped off the screen at me when I saw it...

Regards,
Mark L.