Monday, December 29, 2008

Important Candlestick Forming Today; Dec. 29, 2008


The formation in the market tells us it's at a big crossroads and today could give us a big clue as to its direction in the coming days/weeks. If a large bullish or bearish candlestick forms today (see chart above) then it should continue in that direction in the coming days/weeks. So far the market is weak internally and nominally, but that can change in seconds with light trading volume today.

4 comments:

Michael K. said...

Keep us updated please. Hey Todd, did read this article yet? Very interesting.

http://online.wsj.com/article/SB123051100709638419.html#articleTabs=article

Todd S said...

the end of the link was cut off

Michael K. said...

http://online.wsj.com/article/SB123051100709638419.html

Todd S said...

I've read that anti-american ex-KGB bozo before. Russia is a pissant in the global economy and they've had to close their markets more than they've been open due to their markets' collapse, yet somehow they will dominate the world. I'm sure he took his shoe off and was pounding it on the table as he rambled off this ignorant tirade.

Thanks for the article, and no disrespect to you, but I'm a true red-blooded American through and through and bafoons like this get my blood up.

StatCounter