Tuesday, May 5, 2009

Today's Markets

Click for a larger image

This is a gorgeous chart. Prices have been moving higher in an exceedingly disciplined manner. notice how prices move up a bit and then spend the next few days trading around the fibonacci retracement levels. Prices have done this three times over the last 10 days in an incredibly efficient manner.

Below are the charts for the QQQQs and IWMS. Notice the exact same trend.