Thursday, March 5, 2009

Today's Markets

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The 5-minute chart shows a clear downward trajectory interrupted by bear market flag patterns. In other words, people have been selling into the rallies.



On the daily chart notice that prices are hugging the lower trend line of the downward sloping channel.

1 comment:

boiling frog said...

You don't say what you think it all means.
Is it TEOTWAWKI? Will the market give a final lurch downwards to international paralysis, from where it can start again without CDS, without fraud, and without government intervention market distortion?