Friday, November 13, 2009

Confluence of Resistance

Three way confluence of resistance - trend line, time and retrace along with pattern completion of ABC pattern from March lows - dare I say that we are finally close to being done with the sharpest rally of the century?

Again, fighting the trend is not a wise move, therefore I am leaving plenty of ammo should I be wrong to average / manage my trade.

But if these indicators hold, then we're looking at a top sometime in the next few days.

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