Friday, February 20, 2009

Washington has this solved.  How come you are so skeptical?  Just go back into your cave and leave us alone.
6M, Daily - Feb. 20 - Critical period in stock market history.  November lows are challenged.  Long term bear trend prevails.
5D, 30m. - Feb. 20 - "Bear Potato Day 8."  Devil's Den invaded but no penetration to the upside.  60 minute chart is in full charge.  The upward movement was turned back at the 20D MA.
10D, 60m. - Feb. 20 - The Bear Potato was not seriously challenged during the entire session today.  The best that the bulls could do was dance off the bottom of the 30 D MA which was not much.
2D, 10m. - Feb. 20 - Double tops and bottoms are pointed out in this chart.  These can be important reversal points in market action.