This Colin Twiggs guy has been around.
He does alot of chart with horizontal support/resistance...too much methinks. However this is a nice way to review charts quickly, so use it.
The overall trend is down. Maybe only India looks bullish.
Please comment.
http://www.incrediblecharts.com/tradingdiary/2010-08-23_markets.php#transport
Everything does look bearish, and that's a little bit on the weird side, don't you think? I really am torn between saying, 'yep, in the crapper', and 'hmmm, this looks like a set-up to nab the apocalypse crowd and steal all their money'.
ReplyDeleteMaybe I'm too skeptical. One thing, I don't think financial Armageddon will telegraph its big move so transparently.
But maybe it will.....;-)
Colin is a-ok, but those horizontals are reeeeeally overdone, as you say.