Wednesday, June 18, 2008

Trends continue until they are reversed

(Courtesy of GoldMoney Market Commentary)

What I appreciate about charting and technical analysis is that it shows what is real, the results of the daily balance between buyers and sellers, greed and fear. Explanations and projections are subjective at best, but the footprints left at the end of every day are unarguable: this is where the market has trod.

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