Monday, June 8, 2009

Click on all images for a larger image



Prices opened at lower prices today and stayed there until just before 2:30 when they surged. Some speculate the reason is Krugman's speech that he sees growth by the end of the summer. But, who the hell knows. Also notice that prices didn't close at the high, but instead fell on fairly high volume.



On the daily chart notice that prices are are moving sideways in a rectangle pattern. Also note prices are moving towards the 10 day SMA, so we'll find out if it holds here.