Friday, August 26, 2011
Another volatile day that gave us no clue. No higher high or lower low. Could this be base building for a strong move up? Could this be consolidation into a triangle to continue the move down? The answer to both questions is 'yes'. Patterns are giving no edge here. My trend system still is saying the the uptrend is intact (although not as strong as Wednesday, obviously). So I stay long until my chart gives me a reason to think otherwise.