Starting with the standard tide chart. Just barely had a successful trend last week with yesterdays high. This weeks trend into next tuesday is forecast as a downtrend, which seems entirely feasible given where the market has been in recent weeks, and why wouldn't it come down a bit and tag the lower trend line ? Nothing says its got to be that way though.
Okay, second chart. Revisiting Tom Drake's 2cs below. You can see that sentiment has backed away a bit from the log trendline. Does not seem to be a lot of bullish exuberance showing up here yet. My take anyway.
No comments:
Post a Comment