Stock Market Analysis – 2011-11-10
November 10, 2011 at 10:38 pm · Filed Under Broader Market
I would like to say that I called the last bounce, but then I’d have to point out all of my misses too. We’ve had a couple tests of the previous resistance/support level at $1225, and now it’s forming a narrowing triangle. When the price condenses around a certain range like this, that often means some excitement is coming. More often than not this is a continuation pattern — which would mean a bullish run — but the breakdown could be just as profitable. Stay tuned…
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Its so nice.Thanks for sharing.