Tuesday, August 4, 2009

History Repeats the "Charge Up San Juan Hill"

Teddy Roosevelt set the pattern for dramatic action in 1898. The markets charge of late is unprecedented.
5 Day, 15 min. - Aug. 4 - Nothing seems to step in the way of this move. The market is way overbought and over extended. A correction of pause continues to be expected. "When" is the question.
20 Day, 60 min. - Aug. 4 - There should be a Flag run up a pole real soon.
3 Month, Daily - Even the bigger picture is dominated by this move of the last 3 weeks.