Tuesday, November 17, 2009

BROADENING RISING WEDGE

The pattern in focus is the broadening rising wedge. The rally continues, but this is an intermediate-term consolidation pattern, one that may not have been clearly visible to most people.

I continue to see the lack of follow-through and so far, intra-day tests confirm it. Careful selection and money management play critical roles here.




1 comment:

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