Thursday, November 19, 2009

Weekly Charts Showing Rouded Tops

Let's quickly look at these two KEY charts as to where we are in the weekly cycles. Watch these charts very closely as it might help explain why it has been so difficult to make money trading this market lately. Low volume rallies followed by violent out of the blue selloffs. The topping out scenario i laid out to you guys 1-2 weeks ago is starting to become more and more evident to me now. The weekly charts are starting to print topping rounded top patterns. If this indeed does play out, then things are gonna surely get super interesting come 2010.

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