Thursday, January 15, 2009

Watch for the Bullish Tail

If FAS closes as it looks right now on the chart, a bullish tail will have printed and we will be setup for a strong bounce. Keep an eye on the close . . .

The market indexes are acting similar to FAS.

1 comment:

Gurubhai said...

What do you think now? closed at 13.57. I stopped out with a small profit, didn't like the JPM, WFC sell off near the end. I just don't understand what to expect, will these trillion dollar banks will trade as penny stocks because of no dividend? or this represents something real BIG what is cooking?