The Last Hope Trader
Forensic Trading For Times Of High Crime
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Thursday, November 26, 2009
Zoom - Zoom - Zoom
Things look pretty bad on this Thanksgiving Day.
Almost 30 points off of recent highs in just one day.
But are they really that bad?
Were we due for a little pullback on the Daily chart?
Doesn't look so bad from here on the Weekly chart.
And looking at the Monthly chart, we're still on a push to the upside.
Wow, what a difference "zooming in and out" makes.
This thing could develop into a bigger correction. I don't know. But I do know that on a day-to-day basis, I will know what to do.
Happy Thanksgiving!
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