It will break which ever way it breaks, but if it breaks
upward there is stiff R @ 800, but if it breaks downwards, I think
we could see a 10-point drop to 780 or so.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
it will break, just not
SP500 5m wedge
Posted by yawang36 on 17th of Feb 2009 at 01:32 pm
it will break, just not sure which side it will break, breadth is poor, volume on down side is much higher than upside.
down volume is 18 times
Posted by Michael on 17th of Feb 2009 at 01:42 pm
down volume is 18 times up volume.
With that overwhelming ratio, I
Posted by twins on 17th of Feb 2009 at 02:36 pm
With that overwhelming ratio, I wonder why everything has seemed so stable today. Did all the selling occur in the first 5 minutes?
It will break which ever
Posted by unsane on 17th of Feb 2009 at 01:35 pm
It will break which ever way it breaks, but if it breaks upward there is stiff R @ 800, but if it breaks downwards, I think we could see a 10-point drop to 780 or so.