Friday, July 9, 2010

The Tight Rope is Getting Rather Steep

As we all know, nothing can go up forever, and that includes the incredibly impressive rally the stock market has put on these past  2.5 days.  The gap that marks the 50% retracement has been closed within the hour, the TSI on the 30 minute is sporting a conspicuous negative divergence with today's higher price and, well, nothing goes up forever.
Click on the chart to ENLARGE

No comments:

Post a Comment