First, remember that we've been in an up (A), down/consolidation(B), up (C) pattern for some time. However,
A.) Is this now a rounding top pattern with the 200 day EMA as technical support?
B.) The shorter term trend (10 and 20 day EMA) is now down. In addition, the 10 day EMA is not below the 20 day EMA.
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Sorry for the digression, but please comment on this article:
http://rawstory.com/2010/03/footnote-fed-believes-minimum-reserve-requirements-eliminated/
It sounds like a very bad idea. Although I wonder how Canada was able to do it without getting killed in the '08 crisis.
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