That is disconcerting. The last time the media jumped on a
bearish pattern was the July head and shoulders top.... that turned
out not so bearish.
Looking at the SSEC, the daily BB are VERY tight. It has
consolidated for 8 months in this triangle. The move will be
big... but which way? So far, the upper bollinger band
rejected the price (last night's sell-off).
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That is disconcerting. The last
Does anybody elase have a "DeathCross" indicator like this on their charts?
Posted by kalinm on 31st of Mar 2010 at 01:25 pm
That is disconcerting. The last time the media jumped on a bearish pattern was the July head and shoulders top.... that turned out not so bearish.
Looking at the SSEC, the daily BB are VERY tight. It has consolidated for 8 months in this triangle. The move will be big... but which way? So far, the upper bollinger band rejected the price (last night's sell-off).