880 Proving To Be A Bear To Break Through

July 10th, 2009

Well, the mini-rally we saw this afternoon has been short lived to say the least. Notice once again that the markets rallied RIGHT TO my 880 level before falling away. PEOPLE – USE TECHNICAL ANALYSIS! DON’T YOU SEE HOW POWERFUL IT IS! I just can’t get over how great these levels have been – it makes trading much easier right now.

 

spx12

 

Here’s a chart I haven’t posted in a while – the EUR/USD. Mainly it’s been trading sideways for the last month so there was no need to talk about it. But now, it’s getting closer to the APEX of the HUGE TRIANGLE PATTERN. Remember I’ve said before that when this breakouts, it will send ripples through other major sectors (gold, oil, etc.). This should be on your radar each day from now on!

 

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