Wednesday, January 4, 2012

Convergence




 The markets continue to defy all odds, but short-term traders on the bullish side should be cautious right about now.

 There's a trend line convergence here ...

 Left click on chart(s) to expand


 Which also coincides with the half way point on a pattern that would take the Indoos to the 12733 area.





 Then there's the 1200 point gain since late November to consider.




 


Always perform your own due diligence. These are only my opinions.