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Wednesday, December 5, 2012

Wednesday

I think this green fork will become wider, but this serves it's purpose now.  This downward white fork has held well, but it's not very tight.

Here's what I'm also looking at.   Notice how I've drawn a second larger downward white fork to find the upper limits of a Bull run.  Sorry I should have used a different color.

I have an alert set at 1340, but 1368 would really get my bearish interest.
As you can see we have broken the large red wedge.  This favors the bears, but after years of foolishness I've learned to respect ths Bulls.

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