- WE'RE JUST RANDOM SPECKS OF DUST IN A TORNADO TO THE MARKETS .......
- CHARTISTS MUST PUT ALL BIAS ASIDE AND LET THE CHARTS DO THE TALKING OR WE'LL SEE ONLY WHAT WE WANT TO SEE
- This blog has a copy of all header posts that I publish anywhere, so that those interested in seeing what my thoughts are on the markets can find them easily.
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Friday, 11 February 2011

Right at resistance

A rare intraday post as today is so interesting. We're at resistance now on SPX, Nasdaq and IWM. There's a bit of wiggle room on IWM, and rising wedges can overthrow of course, but here's the SPX daily rising wedge:
Here's the shorter term rising wedge on NQ:
Here's the broadening top on IWM:
I know all the shorts are throwing in the towel today, but that may well be premature.

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