The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Tuesday, July 27, 2010
I have to admit the tape is hot and bears are losing money. I recreated this chart after seeing a piece in MarketWatch showing Ichimoku clouds. Basically, they say resistance at the June high (and top of the cloud). If the market gets through there then kicking and screaming go I to the long side for a few weeks.