Wednesday, August 19, 2009

"Wow! What in H... is Going On?"

"If you are confused, you are not alone."
2 Day, 15 min. - Aug. 19 - Looking for Double Bottom setups was difficult today. The ADs were bearish in the AM and the market was bullish. No DBs were sighted that coincided with the CCI and RSI and coordinated with the ADs.
20 Day, 2 Hr. - Aug. 19 - The Trend of the last few days has been bearish. Recovery is not out of the question. The Bulls still seem to have a lot of "ooomph."
3 Month, Daily - Aug. 19 - Bullish Trend has persisted since March. Take care in bucking the current.