Monday, August 18, 2008

Bobbing around the top



Recently, declines have met the smaller ascending curved trendlines and then bounced, in order to make another run higher, as shown by the arrows. Will it do it again to give us a final top, near the end of the week, or is it already over, i.e. will a failure take prices below the ascending curved trendlines?

I noticed $TRIN got rather high today, which argues, I believe, for another bounce...

1 comment:

john said...

Mark,

thanx again

old john