3/19/09
This above charts are created by other technicians. However, it truely show how over overbought the current situation. Also, notice how histories has told us what would be happened next?! Moreover, 3/21 is important seasonal date in Gann's theory. This could be our intermediate term and short term top. However, always need to see reversal and confirmation candlestick pattern. Bottom line this is not the price and time to be bullish anymore based on technical stuidies. Watch out today's market action!! I write this before market open today and it is not even 7:00am here. We'll see.
1 comment:
Take Profits!
http://www.bigmovingstock.com
Post a Comment