The Bonddad Blog
Still nerdy after all these years
Tuesday, April 6, 2010
A.) Prices have finally broken through the neck line of the head and shoulders pattern.
A.) A little more than a week ago, prices gapped lower and printed a vbery strong downward moving bar.
B.) Prices consolidated right around the neckline.
C.) Prices gapped lower, again printing a strong bar.
D.) The EMA picture is turning bearish -- all the EMAs are moving lower, prices are below the EMAs and the shorter EMAs are below the longer EMAs.