Tuesday, August 25, 2009

Well thats not how its supposed to happen!


I apologize for not updating my TA for quite some time now. I am in the process of switching charting software and i got caught up in all the new features. Anyhoo, just a quick note on today's morning action. Failed breakouts are not good for bullish chart patterns and unless we can close above the previous high of 1035 this damages any bullish sentiment tremendously. I will follow up after the close with some potential targets and what this means short term and long term.

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