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 ?




1 comment:

CTPtrader said...

you forgot to list 12/9 as WWW on your chart ;-)