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...
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2 comments:

  1. aaaaaaumMarch 26, 2008 at 4:51 PM

    Thanks Mark. Nice chart!
    Good trading.

    ReplyDelete
  2. mlytleMarch 27, 2008 at 12:56 PM

    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.

    ReplyDelete

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