Tuesday, September 7, 2010

Update

Still no positive divergences-price trend (short term down-which should roll into sub-intermediate down) is confirmed. We just saw a bigger bear flag develop. The break of the bear flag at this point to the downside would occur at $109.90 which I think it's doing as I type (Darn my two fingers!).  In any case, normal operating procedure for Wall Street would be to breakout the bearflag to the upside before letting it fall, -manipulation- they haven't done that so again, like lat week, they are creating a friendly environment for short traders and one that's not too friendly for longs. They are putting short term manipulation on hold in the interest of moving prices down.

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