Wednesday, June 25, 2008

1Best Signals 080625




~~ Falling Wedges~~ Major market price actions were good but those who planned RIMM firework, didn't cover shorts... didn't have the volumes to break above the noted resistances, mainly falling wedge formations.

Rimm didn't spark a breakout from Nas "Cup & Handle" formation.

Nasdaq 2420 falling wedge r ~> Cup & Handle

SPX 1335 falling wedge r



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