Two weak signs that the current Downward plunge of the markets may be faltering: A Break-out of the Resistance Line and a levelling of Bottoms. I guess today's vigorous up-swing was a reaction to yesterday's vertical plunge; that it will peter out and the down-plunge continue.
Killeens Financial Banner
Thursday 16 October 2014
Two weak signs of down-trend faltering
Two weak signs that the current Downward plunge of the markets may be faltering: A Break-out of the Resistance Line and a levelling of Bottoms. I guess today's vigorous up-swing was a reaction to yesterday's vertical plunge; that it will peter out and the down-plunge continue.
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