I was ... There is some resistance in here. the 50 and some trend lines.
Of course, that could be making traders complacent, and we could go through them like a hot knife, and surprise us.
Wednesday, October 28, 2009
Subscribe to:
Post Comments (Atom)
2 comments:
This could be head fake like July, but every time SPY reaches the trend, I start thinking Mamis aversion. We'll just have to see, but it looks ugly.
Look at the swings. The Down swings are getting larger and the upswings are smaller.
which means...
another upswing will be even smaller than the last, and this downswing should be larger than the last.
Intermediate downtrend.
Post a Comment