Market View
After breaking trendline "A" and found support at Line "C", the index return to touch trendline "A" again and thereafter loss ground on Friday moving toward Line "C". So far, all the moves have been typical textbook fashion per my post dated November 24. We are still looking at trendline "B" as the target for trendline violation.
If, however, the index managed to break above trendline "A" decisively this will invalidate the hypothesis
If, however, the index managed to break above trendline "A" decisively this will invalidate the hypothesis
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Labels: Market Direction
posted by Market Wizards @ December 05, 2010
Comments: 0
