Tuesday, October 27, 2009

The Bear is Back and Wants a Big Bite!

"We Bears Know an Opportunity when We See It."
10 Day Chart - Oct. 27 - Corrective Trend Channel is shown above. Significant and critical technical support is at the 105 level. A break below that would be very Bearish.
3 Month, Daily - Oct. 27 - Scalloped advance along the Support Line.
1 Year, Weekly - Oct. 27 - The Centerline appears to be Support for this Bullish Trend Channel. Technically it is important for preservation of the Bull Rally for this support to hold.