RedTankEra
Registered: Feb 2012
Posts: 252 |
08-17-12 10:28 PM
Quote from Wide Tailz:
The low volatility, low volume, crippled fundamentals, and wounded bears sure feels a lot like Fall 2010 and Spring 2012.....
This upside is just an appetizer, the main course will come when the bearish formation is finally completed and the confirmation move occurs, it is afterall, a bearish wedge, as you said, we moving on very low volume, which makes it even more tasty, but until that comes, more upside.
Perhaps we drift up until Bubble Ben dissapoints around the magnet area. Why dissapoint ? Because I've never seen the Fed inject into the system at resistance only at support or broken support.
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