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Friday, January 8, 2010

Friday Charts (Update 1:51pm)

Within a point of its triangle target.

Little (E) may be subdiving into its own triangle.  Sheesh its dragging on huh?

I'm off work today. Probably post some charts throughout the day. Here is one of JNK. I think stockcharts have some pricing errors at some spots, not sure why.  But the weekly RSI reminds me of Google's. And it cannot go on much longer.  After all, its reaching darn near the top. Which mean it can only go down.

Its almost if keeping the junk bond mania going is a prerequisite to propelling this rally. Big move up this week.

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