Friday, October 29, 2010

Cliffhanger

Welcome back my friends
To the show that never ends
--Emerson, Lake & Palmer

Unusual pattern in the daily indexes. Despite some intraday range, price at the close similar to price at the open. Has been going for for more than a week.


Could be interpreted as market participants unsure what to do ahead of next wk's election, QE2 events.

Meanwhile, the chart pattern evokes the unsettled feelings that I get when the Racer reaches the apex of that first hill...

position in SH

1 comment:

dgeorge12358 said...

Fools rush in where angels fear to tread.
~Alexander Pope