Sunday, January 11, 2009

Potential Breakdowns and Rising Wedges :Hoping For Volume Now






Maybe that's why volume has been lacking the past few weeks. This whole move up has been a counter trend rally with very little participation and perhaps once we start to see lower prices and selling pressure we will attract more volume. work in progress......

4 comments:

Chartsandcoffee said...

I would also appreciate any thoughts your community has on XLV and IBB. I just put up a post on these on my blog.

Salsaman said...

Crap.. I have an open GS position long. :(

Stewie said...

salsa: i am not sure why i really have trouble seeing the bulls give up easily here. we'll see.

Stewie said...

charts and coffee: all these patterns look the same. they are all neutral with slight bearish bias.

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