Tuesday, December 16, 2008

And of course we broke the other way now...

Today we broke back into the bullish channel at the beginning of the day and after the amazing fed announcement we peaked up out of the bear channel for the first time months. We should watch carefully if its able to stay out of the channel and maintain the bull trend. If it falls back within the bear channel, it should be a good time to short. Otherwise it looks like a long play until the new year.