Tuesday, December 18, 2007
Update
As this latest shake-out continues to unfold it makes it easy to place bets with very little at risk. As I see it the gap and the neckline are there for support and the upside takes us back to the June highs. The one thing I really want to see is the ChiOsc make a lower low and the support hold up. That would tell me, and all the Sovereign Funds, that we bought at a good level. If this works out all those who have bailed out will get a chance to buy at a much higher ask. If I'm wrong, oh well, it was worth the risk.Labels: candlestick charts, major indices, technical analysis
Subscribe to Posts [Atom]
Subscribe in a reader
