Thursday, May 13, 2010

Market's Verdict on Euro Rescue Plan

The market clearly doesn't think much of it. They continue to sell euro ever since the brief Monday pop on the news.

Technicians would say it's a falling wedge, a bullish sign that the reversal may be imminent.

As if that still matters in a world of algo bots. Maybe it still matters in a sense that the bots may be working the chart pattern...


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