Mid Week Update

Sure looks like an inversion underway here. When the low came in on the 27th of November that should have been the clue that something was up. Best guess now is that we might peak at the end of this week then go down into the expected high on 12/10/09 or the day before that on wierd wollie wednesday. Just when you think everything is clear, someone shuffles the deck on you.

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 ?