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.
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.
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4 comments:
Mike, always a pleasure to check your blog and Wall St Warrior's for daily technical analysis.
Thanks New Temple,
Trader Mike is a great technical analyst. I read him daily too.
Jamie...Thanks for you detailed expertise it definitely makes things easier to digest. Justin
of tradingstockz.blogspot.com
Thanks Justin,
I'll check out your blog later tonight.
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