Monday, February 27, 2012

Update

 So far it looks like the Euro did try to kiss that pattern good bye and is starting to turn down, I'll feel better on a new low.

 The SPY, DIA , QQQ and to a lesser extent, the IWM all have this interesting candle with a long wick on heavy volume-the long wick represents higher prices being rejected and combined with heavy volume and no price gains, is often bearish churning.

 The DIA

The QQQ

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