bulls, better be careful....

The long awaited bear flag pattern seems now about to be confirmed on the daily chart. Unless something unexpected happens, this pattern completion will indicate a possible dive of 600 to 1,200 pips downwards. That's why I have been extremely bearish on the beast all this while.

Take note of a similar pattern early September 2009. Let see how the market reacts.....



0 comments:

Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.