Tuesday, January 6, 2009

Good and bad...

The Bad...we busted out of the bear channel at the end of last year and have been able to maintain trading above the channel. Ok...its good if you are a bull :)
The Good...we have formed a rising wedge that looks like it will break in the next week or two. The upside from here looks fairly limited. We probably need to retrace and hit the top trendline 1 more time. Likely around inauguration.