Cream of the cream, Blue Chip stock former pride of USA Corp. Most liquid they took the hit first with Margin calls and Redemptions - they will show signs of life first. Strong Reversal H&S pattern is forming. With awful news on unemployment 6.5%, Ford F and General Motors GM on Friday market has managed to rally after two day shock of slipping back into abyss. We are on the one side here: we need reversal confirmation and that 9750 on Dow will be taken back. Risk if that it still could be a continuation Bear Flag pattern if 9750 will not be taken back - then the waterfall.
No comments:
Post a Comment