Support and Resistance Trading Forum

Bubble Burster
By:Erich
Date: 1/5/2010, 12:30 am

Not to burst anyone's bubble, but does the recent consolidation in the stock indices look like an inclined wedge to anyone else but me? These formations are traditionally bearish, with some strong moves coming with the breakout. Of course it doesn't have to happen that way, but it might not hurt to trail a sell order below the lows from a couple of days ago just in case.

Being in the right place at the right time is so much more profitable than trying to be "right".

Erich

Responses To This Message

Re: Bubble Burster *PIC*
Erich -- 1/6/2010, 1:40 am
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