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Author Topic: Bullish & Bearish Factors  (Read 636 times)

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godoftrading

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Bullish & Bearish Factors
« on: December 15, 2008, 09:34:14 AM »
While last week, market showed bullish behavior in face of many bad news, few things are still raising red flags.

1. Volume has been decreasing similar to last few bear rallies.
2. Run to treasury and Yen is still on ( dollar is still going down).
3. Market has been running into resistence and has been unable to break it, and now, threatening to break on the lower side of the wedge.
4. Indicators (e.g. stochastic) is now in overbought territory.

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