Thursday, January 22, 2009

Today's Markets

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-- All the EMAs are heading lower

-- The shorter EMAs are below the longer EMAs

-- Prices are below all the EMAs

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Notice the following on the 10-day 5-minute chart

-- There are two upper trend lines that are sloping lower. Prices have moved through 1 but are still below another

-- Prices are currently in a triangle consolidation pattern