Wednesday, October 28, 2009

S&P 500 rising wedge finally violated

now this pattern has been visible from space for a couple months, but I see that it has finally broken the supportive trendline on the log-scale equivolume chart. (it started to break down much earlier on a regular log-scale chart. on the arithmetic equivolume chart the line has not broken yet. on a arithmetic time chart it broke today also.)