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.