"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, September 22, 2010

Bears in business?

If SPY loses this support by 60 min. chart they may well be.  First step is losing the moving average and the wedge like object.  Let's see how today develops.