Sunday, October 25, 2009

Falling Wedge

With reporting season just about over and markets continuing their rise i think the 4th Q results will be very interesting. The 4th Q results will mark 10 months since the March lows and also 10 months of market stimulus. Will the stimulus wear off or are governments around the world still going to be pumping money into an every lasting 'black hole'......

Anyways here is a graph of a falling Wedge in a 'bull market', to me this is bullish.

Photobucket

safe trading


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