As I watch the morning news on cnbc I hear many different arguments about how the economy getting better as people are moving back to work. As a technical trader I try very hard to concentrate on what is happening on the charts and not so much what people are saying. I must say, again that This chart pattern on the Dow looks to be complete. I'm fully expecting the E wave lower of this triangle to start at any time now. This move will most likely be a sharp sell off and catch many of these hedge fund traders on the wrong side of the market. We will see how we play out!
No comments:
Post a Comment