Wednesday, August 5, 2009

Everything points least for tomorrow!

Bearish rising wedge in the short term. Bad Cisco numbers and jobless claims could be a downer for tommorrow.
Another hanging man formation has occurred. This will require confirmation tomorrow to see if its really a true change in trend.

VIX has formed a clear gravestone doji. This is a bullish formation which points to a retreat in the market tomorrow.

And finally...some random long term trendlines...


Schweizer said...

I read your blog everyday. I appreciate your work. Thanks.

You are spot-on man!