Biiwii TA and Commentary: Here's the rest of the motley crew, headed by the Tranny

Wednesday, August 17, 2011

Here's the rest of the motley crew, headed by the Tranny

Those red dotted lines used to be last ditch support, as we charted the decline. Now Bueller, what do you suppose they are as we chart the upside reaction? Resistance that's right, the red lines are resistance.

Interestingly, big tech - which MSM outlet MarketWatch blames for today's weakness - is already bumping up against resistance. If NDX gets through there, the MSM gets to continue the pied piper routine.