Tuesday, July 14, 2009

Today's Markets

Look at these charts in tandem. The six month chart at the top shows the current move could be the final piece in a bull market flag pattern -- prices have jumped to the upper band and appear ready to move through the band. The three month chart shows this in more detail

First -- this blows the "head and shoulders" analysis out of the water. In addition, it is starting to look like evil trader was right about this being a trap.