Fortunately, inside days like today provide tight consolidation that leads to a good move whenever a break out/down does occur. We'll just have to wait and see.TLT
Monday, January 25, 2010
Today's Action: ZZZZZZZZZZZZZ
Wake me up when something happens. I must say that the consolidation is not a good sign for the bulls...lots of people were expecting a big move up after the sell off we saw last week. The good news for the bears is that the S&P was able to stay above Friday's lows, at least as of 2:30 central time as I'm writing this post. Here's an hourly of the SPY to illustrate my point:
Fortunately, inside days like today provide tight consolidation that leads to a good move whenever a break out/down does occur. We'll just have to wait and see.
TLT
Fortunately, inside days like today provide tight consolidation that leads to a good move whenever a break out/down does occur. We'll just have to wait and see.TLT
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