Wednesday, September 30, 2009

Chart Update

Interesting that the averages held at or above the trendlines that I posted on Friday. So I am wondering if my interpretation will hold and that we will go back up towards the top of the channel. Of course the alternative interpretation is that these trendlines are not correct but that we were in a horizontal consolidation and that yesterday and today indicated a breakdown. I wish I were 100% cash right here, but if the trendlines are OK, then I should be OK. Tomorrow or Friday will tell the Tale of Two Mondays.

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