An interesting thursday and friday huh? All in all, pretty much a sideways move into friday's high. Lets see how we proceed from here. Bears are calling this a topping pattern, bulls a consolidation pattern. I prefer the latter. You might note I've pulled the uptrend line down to a more shallow angle to better represent what we've seen in the last few weeks. Bottom trendline has not changed for quite some time. Which line gets broken first ?Sunday, November 29, 2009
Weekend Update
An interesting thursday and friday huh? All in all, pretty much a sideways move into friday's high. Lets see how we proceed from here. Bears are calling this a topping pattern, bulls a consolidation pattern. I prefer the latter. You might note I've pulled the uptrend line down to a more shallow angle to better represent what we've seen in the last few weeks. Bottom trendline has not changed for quite some time. Which line gets broken first ?
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1 comment:
you forgot to list 12/9 as WWW on your chart ;-)
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