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Trend Change?
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Trend Change?

Trend Change?

by The MoleAugust 4, 2011

It certainly is starting to look like a trend change is in the works. I’m about to grab some breakfast but will put together a more thorough review of the tape when I’m done. In the meantime feast your eyes on this:

The subs have seen this chart throughout the past few months and today’s reading is anything but pretty. Usually that ratio is pointing up first – well, at least it has been doing so in the past few years. And thus far it’s pointing not only straight down – it’s lost 3.6% for the day.

I’ll be back.

Mole

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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