Put/Call ratio chart from Ron Walker thechartpatterntrader.com
Tuesday, 26 October 2010
The 3rd ingredient ?
In my post on the Dow Jones on Saturday I said we had 2 of the ingredients for a reversal,time and price.On Monday a lot of markets posted dojis or inverted hammers (shooting stars),so it is possible that the 3rd ingredient ,pattern,may now be forming.Candlestick reversal patterns need to be confirmed with a lower close and of course we have more POMO days ahead of the mid-term elections so lets watch and see
Sunday, 24 October 2010
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