View Single Post
      09-13-2011, 04:56 PM   #160
mact3333
Captain
mact3333's Avatar
United_States
121
Rep
876
Posts

Drives: 16' YMB/Blk F82
Join Date: Mar 2011
Location: Portland Area

iTrader: (1)

individual stocks is for the other stock mkt thread...this is the thread to actually see what will happen...just kiddin ya bro....

As noted before, weekly volume says no conviction to last weeks selloff...today was productive...bear flag pattern appears to be breaking up and forming bullish falling wedge pattern..."if" we clear 1175-80 we should see clear sailing to 1250-75 level....we need to jump the contracting wedge pattern though.

UUP just tagged the 200dma and needs to fall down asap...could be good for equities and metals....VIX showing topping pattern again which is bullish too.

But dont think bullish for too long cause imho, the bear is back on longer time frame.
Appreciate 0