I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Monday, November 1, 2010

I am inclined to call it

I am inclined to call it done. This is the type of breakdown that I have been looking for. Clear up day that reversed sharply. There will be a long reversal candle today (assuming it closes anywhere near here). Clear breakdown out of the Nasdaq wedge.

.... This might have some legs! (or rather this rally might have finally lost its legs)

blog comments powered by Disqus