Saturday, 25 September 2010

No cigar for the bears

This is the chart I posted yesterday.The bearish weekly candle did not materialise as Friday saw a strong rally,so another disappointment for the bears.Weak volume calls into question the bullish inverse head and shoulders breakout the bulls are claiming and it does look as if fund managers may be chasing performance for quarter end (eg see Apple chart) so this could end badly but the onus is still on the bears  to step up.




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