Tuesday, April 21, 2009

Possible SPX channel up or a new diagonal?

I hate the thought of it, but the gravity defying market is apparently ready to levitate some more. Timmaaayy says banks are well capitalized, so everyone put on your party hats and go buy some more. Nothing to see here, move along. Pay no attention to the man behind the curtain. If the 60m indicators follow their pattern of quick fall and long slow recovery the bears may be in for more pain. Daneric had a hyper bull scernario that he shelved yesterday - maybe that was a day too soon. I hope not.

Plaes click on the good, bad, fair buttons.

1 comment:

  1. Indicators have cracked.

    We're building a H/S that will put us back below the 50dma.

    Quit starting rumors man.


Keep it civil and respectful to others.