Volume was up on a second down day on the major indices. But as bad as the press coverage of the last two days are, the actual chart looks in good shape. Tomorrow is day three and an afternoon reversal back up is a possibility.
Distribution Day Below the 20 Day Moving Average
November 6th, 2008 11 Comments
Tags: Distribution Day · Nasdaq Charts · Russell 2000 Smallcaps
US Dollar Correcting After 15 Week Run
November 6th, 2008 1 Comment
The US Dollar (USD) has made a strong 15 week run since mid-July. It appears to have made a top and is correcting now. Price won’t be bullish until it moves above the 1×1 descending Gann angle. But does look strong in this time frame.
Tags: Gann Angle Fan · US Dollar (USD)