"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

Thursday, January 12, 2012

Over bought market leaving gaps...

Using SPY rather than SPX to show the gappy rise on declining volume within a little wedge.  Bullish?  Hardly.  In fact, I think I am going to go take my 9.6% on FTEK now.




















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