Tuesday, November 10, 2009

Running on Fumes

I know.. it was as slow as molasses today, but volume didn't exactly snap back after yesterday's low volume, and tomorrow the bond market is closed, so it could be even more of a snoozer. Note on this chart of the Qs how price has jumped back into what could have been a beautiful bearish wedge, but all is not lost just yet if you note the tight zone of support and resistance. A quick look at the top ten holdings on the Qs shows how RIMM (thanks Osso for that catch) kept things spinning quite well all day. The INDU basically fulfilled the needed gap fill today at 10260.80. Okay.. so it's still off by a fraction, but we'll have to see if that will suffice. See you all later this evening with more charts. ~Keirsten

Zig Zag's Chart on $INDU

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