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Friday, September 2, 2011


I love these old school P&F charts.  Reminds me of the good old days.

Technically still bullish this chart shows a high pole warning with more than 50% reversal
and notice there is little volume support available until 1080 after 1150.
A break to 1140 will signal a reversal.

Too bad we didn't have Price by Volume back then.

Yesterday's Engulfing followed by a Long Black Marubozu confirms

This is yesterdays news, but I just discovered this site.  (Thanks Dave!)
Here's a link to the Economic Calendar. Today's Calendar

I'm getting a lot of Bearish signals from this chart

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