Certainly the weekly chart does not look that Negative,.... but I want to make another point with the chart.
For 8 weeks now,,....neither the Bears have been crushed nor have the bulls made any money.
As this thing has been stuck on 1900 longer than any other number on the charts.
Who has made money,... well the folks that have flipped both ways within those tiny little candle bodies,.. or at those wick end points.
Volatility is rising and price has yet to really fall.
Stay tuned, as we will likely break one way or another,... but bears holding long term and getting wiped out,...
I seriously doubt it,... they are the faster traders,. not the buy and hold investor types.
Frankly I think it is this reason the markets are this high and not going anywhere,.. people easily playing both ways,...and only the best
making any money at it......week to week that is.
Best
Edited by Mr Dev, 13 June 2007 - 09:26 PM.