Tuesday, July 7, 2009
Today's Markets
Take a look at all the charts. The short version is the correction is now here. Prices on all the indexes have fallen through important technical levels. The only thing preventing a serious fall is the QQQQs which are at the 200 day EMA. And frankly, I don't expect that level to hold.
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2 comments:
In your opinion, is the dollar-yen confirming the head-and-shoulders of the equitied markets? http://tr.im/rk0k
So how far does a head-and-shoulders pattern usually retrace after a massive run-up?
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