Tuesday, August 9, 2011

Failed T

The image is a follow up to the T I first presented on July 9, here. Within the first day or two of that post, I added "If this T fails, a valid interpretation is that we are in a bear market."

It's expiring right around now, so there's another nail in the coffin-- not that "were're in a bear market" isn't a widespread conclusion already.

Added: since it seems like the market bottomed short term while this T expired, would this constitute a inverse T? Looks like it, but I am not sure I completely buy into whether they exist. Just wanted to point it out.

1 comment:

  1. retest of panic bottom no 30 min close below /es 99.75 should be allowed...can we get our Vix values pls?

    Anon :)