Monday, November 28, 2011
A Few Chart Notes
Gold is in the middle of a multi-month, symmetrical triangle consolidation.
Financial comprise about 13% of the SPYs. Notice the financial sector is in very bad technical shape. They are in a clear downward trend. While they tried to rally at the end of October, the hit resistance at the 200 day EMA.
Posted by Hale Stewart at 11/28/2011 11:30:00 AM