Big Picture: August 24, 2012

With all the whipsaw action these past two weeks, it might be helpful to review the big picture.  We’ll start with the chart pattern that’s easiest to see: a big rising wedge.

The wedge shows the potential for higher prices — a tag of the upper bound, for instance.  The apex is currently around 1472 in January of 2013 (but, wedges rarely play out all the way to the apex.)



Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password