We are currently in a rising wedge that started around 4/17. There is room to hit 90 with in this wedge before it breaks...or it may break sooner than that. Note the slopes of the upper trendline starting from the 3/6 low. The rate of increase has been decreasing and flattening out. This top will be a slow curling over more along the lines of an inverted saucer than a head and shoulder spike.
Sunday, May 3, 2009
Just one chart...
We are currently in a rising wedge that started around 4/17. There is room to hit 90 with in this wedge before it breaks...or it may break sooner than that. Note the slopes of the upper trendline starting from the 3/6 low. The rate of increase has been decreasing and flattening out. This top will be a slow curling over more along the lines of an inverted saucer than a head and shoulder spike.
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