Monday, November 30, 2009

Technicals continue to Weaken


Click on chart at left to enlarge.
I have boxed in the double top along with its neckline. It is currently a bullish flag as long as we trade inside the box. If we fail to break above the box, we will trend towards a retest of the 50 day simple moving average. The stochastics and the MACD suggest future weakness.

1 comment:

  1. Great show tonight Rodney - incredible amount of coaching material presented during market prep for tomorrow morning. If you are serious about becoming a successful trader - you really should join us!

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