Posted by junkmaylbox on 1st of Feb 2009 at 11:38 pm
rp, It looks like a retest of the resistance line underneath the
cusps of two tops. This is bearish, in my view. My instantaneous
reaction was to short, once the dust settles (as you said). It
should be a fairly low risk trade at this point.
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I'd say it a retest of the break-down line
Posted by junkmaylbox on 1st of Feb 2009 at 11:38 pm
rp, It looks like a retest of the resistance line underneath the cusps of two tops. This is bearish, in my view. My instantaneous reaction was to short, once the dust settles (as you said). It should be a fairly low risk trade at this point.