Friday, November 7, 2008

Trust Bearish Wedges

by Eric deCarbonnel

The last two days remind me again why I trust bearish wedges so much. They are easily identifiable, and they are very accurate. Even if you do not believe in technical analysis, it pays to look for bearish wedges to avoid getting in before a big decline.

As for tomorrow, we may get a small rally because of the sell off before the jobs report (sell the rumor buy the news), but the trend remains firmly down.


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