Archive for December 7th, 2011
All indecies halted at the top of the wedge (24 August 2009)
So it looks like the top of the rising wedge is going to be major resistance for this run up. There will be three scenarios that I am looking for: 1. The market retraces to the bottom of the triangle and then comes up for one last leg up to the top of the wedge. 2. The market consolidates and breaks out. 3. The market completely breaks down. Both scenarios I will know soon enough and so will you.