Tuesday, September 13, 2011

Market Update...

So far there's only the  1 min negative divergence I mentioned earlier that I said would bring a pullback/consolidation.

Here's what to watch for...

There's a bull flag now that is getting more noticeable/obvious, if Wall Street starts seeing buy orders coming in from retail , as retail expects a bull flag to resolve to the upside, they may very well try to shake out those longs with a drop out of and below the flag, after that, the market should start moving up again, it all depends on whether this pattern has attracted enough interest from retail to make it worthwhile.

This would be another example of how Technical Analysis is used against technical traders.

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