Thursday, January 5, 2012

Ascending Wedge

Most of the market looks pretty wedgey (or wedgie) here, take the SPY for example..
As you probably know, it's not a good sign as far as the health of the move, a healthy move looks more like a channel.

Considering all the disconnects today and the move, especially in financials, I have to wonder (I already had doubts about this move) whether what one member just emailed me might be n play, a set up for a disappointing NFP tomorrow. It's not like the reports haven't been leaked before.

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