Tuesday, February 10, 2009

Technical Picture - Bearish Evening Star Reversal Pattern

Broad based selling started as the Treasury Secretary laid out the bad bank plan. Not enough details, or buy the rumor and sell the news. I'm not sure but it feels slightly overdone. Most of the market and sector charts carved out a bearish evening star reversal patterns like the Nasdaq, on higher volume. Little on the plus side except GLD and silver.

4 comments:

New-Temple: said...

Mike, always a pleasure to check your blog and Wall St Warrior's for daily technical analysis.

Jamie said...

Thanks New Temple,

Trader Mike is a great technical analyst. I read him daily too.

Justin said...

Jamie...Thanks for you detailed expertise it definitely makes things easier to digest. Justin
of tradingstockz.blogspot.com

Jamie said...

Thanks Justin,

I'll check out your blog later tonight.