Thursday, December 11, 2008

QLD: 25.94 Target MADE




(Click On Chart To Enlarge)

From yesterday;

"The neckline is 26.83 and 26.93. If that gets broken, we should fill the 25.94 gap (or close to it), at a minimum."
They broke the neckline again this morning, took it up and formed another Right Shouder (a Bearish Rising Wedge), then they took it down. The 25.94 gap target MADE.

I guess Ms. Market had to engineer that second Right Shoulder since everyone in the known world could see this big topping pattern that we looked at yesterday. LOL.

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