Time Running Out On Rally
By:
DailyMarkets.com
Posted on December 13, 2008 at 09:56 AM EST
Last week we looked at a descending wedge pattern on the S&P 500 (^GSPC) chart that could have sparked a rally had it resolved to the upside. Prices actually did break upward, but volume was poor, and the up move stalled immediately. Now there is an ascending wedge pattern inside a declining trend channel. The ...
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