Tuesday, May 22, 2012

Analogy

I highlighted in the chart below action from 2007 after long multiday drops and a rise similar to yesterday.  We could see a retest of the lows in the following days, followed by more upside.



2 comments:

Anonymous said...

But everybody is looking for the retest...maybe it won't come anyway...lockout rally indeed...

Tony

Adrn said...

Could be, Tony. ]

Anyway, the market has many tricks to make most people stay out even if it is about to do something obvious.