We have here a long-legged Doji, with the low touching the multi-month bottom trendline and the high touching the upper trendline. This is some serious indecision by both bulls and bears. The good news is, which ever side breaks, that will likely be the next move in short term direction.
I like what I see from the bulls here with oil holding onto gains, and the banks setting up for a move higher. If I was a betting man, I’d say we break higher and soon. But, I will wait for this consolidation to resolve before getting to aggressive with my capital.
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i hope those are not Caitlyn Legs on that front page,. LOL 🙂
Ha. Never in a million years would I look up anything to do with the name Caitlyn.
I feel sorry for girls with that name.
In financial stocks, what do your tea leaves think about GNW?
As long as it holds today’s low, it should be good.
In financial stocks, what do your tea leaves say about GNW?
I’d love to see the Woodshedder swing through and throw down some probabilities…
those are very generous trendlines. it already broke out and failed
Only day traders are indecisive. Investors are not buying at these levels. 401k’s are robot buying each paycheck period.
I still await the 8% correction.
You may be waiting awhile