The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Thursday, December 17, 2009
The trendline is from October 2008 and will be rising to 1050 soon. The horizontal line, drawn extra fat, is the breakout level from a major, major pattern at roughly 1000. As I wrote in the column, I see another leg down in the correction but cannot see it reaching 1000.