Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, November 24, 2009

No mans land

I mentioned to tony about No man's land... which is the land of traps on the recent tests of top. that sort of Set of red bars toward the top of this chart.


The great thing about the current move is there is no "Gap" We continue in a sort of range, now moving down below the various tests of top.

You have to throw out a "Failed Test" at this point and suggest that this is a bearish move.

and we are outside the "No Man's land"

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc