Resembled more a bearish pattern than the resumption of the bull. Expecting further deterioration.
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4 comments:
Hi great charts!
What are the pattern's name in this first graph please?
Thanks.
Peter.
these are known as continuation patterns: look up: BULL FLAGS, PENNANT, FALLING WEDGE, RISING WEDGE, Bear Flags.
All great patterns and one of mmy favs. learn these, you'll do yourself a favor.
Stewie, I have a great concern for this supposedly IT top. VIX just broke lower and hitting the support trend line again. I posted this chart yesterday on previous topic.
Are you concerned?
Thanks
Sean
shawny, i am not concerned because i am not short and you make a damn good point. what's up with the VIX?? drifting lower everyday.
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