Thursday, May 14, 2009

Today's Markets



Click for a larger image

The 10 day chart gives us a nice anatomy of the correct.

1.) Prices gapped lower on Monday.

2.) Prices broke the upward sloping trend on Tuesday

3.) Prices gapped lower on Wednesday

4.) Prices moved higher Today

5.) The overall trend of the movement is lower; the highs can be connected with a downward sloping trend line.