The idea was there were triangle consolidations, I said I thought they would breakout to the upside, then head back down. These are short term moves only and don't have a major impact on the bigger picture.
Friday, August 12, 2011
Market Update
At 11 a.m. I posted a market update
The idea was there were triangle consolidations, I said I thought they would breakout to the upside, then head back down. These are short term moves only and don't have a major impact on the bigger picture.
Here's the DIA triangle, it broke out to the upside as predicted and now seems ready to head lower.
3C showing more signs of a short term pullback in the DIA as expected.
The Q's showing the same upside breakout from the triangle as predicted.
And short term 3C indications of the pullback expected after the breakout.
The idea was there were triangle consolidations, I said I thought they would breakout to the upside, then head back down. These are short term moves only and don't have a major impact on the bigger picture.
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