Saturday, December 6, 2008

Getting Tricky...but we are still in a down trend.

So the bulls had whipped out a chart earlier to say they are still in an uptrend. Well here is mine that clearly shows we are still in a down trend. We are not even close to the upper trend line yet. The dark blue shows what I believe to be the current down trend. The green channels are the bull trends. Note the earlier one didn't quite make it :-P
Anyway we spent all last week between the 50% band and the 75% band on the trend.