Wednesday, September 7, 2011

Market Recap, Look at the bear flag now


Well sometimes technical charts are too accurate, below is an example of how things played out. So am not posting much other than the daily chart.



We know the euro-zone noise is picking up we could easily see the flag post length down move from here.
The stochastics are overbought region and can stay there but its to be watched and the candlestick has a long tail, as we closed much above the lows of the day, which is a sign the bulls might be stepping in here. Lets watch out which move is next.

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