Posts Tagged ‘paper mache’
Posted by StockRake on July 3, 2009 in Gold Stocks, Leveraged ETFs, Leveraged Funds, Market Comments, Stock Market Charts, Technical Analysis, Trades
Market Is Going Down Further
Hopefully. Current chart shows that the SPX has broken important levels. 893 is right here – that will be tested. 872.81 and 877.52 are the next stops with minor support at 893-895. This will crack like tightly stretched paper mache over a barrel. So the daily head and shoulders pattern suggest lower movement, where it …
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