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Trend Change?
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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


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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