Stock Market Intra-Day Reversal Special Report
Stock-Markets / Stock Index Trading Oct 26, 2009 - 01:51 PM GMTToday's intraday reversal in the equities markets follows a pattern that has been established of late of selling into rallies. Key support levels have been broken to the downside and without a late day recovery a close below those levels will likely usher in a significant pullback.
The dollar has also broken out of its descending wedge pattern. I was observing that the dollar was not selling off on the significant early strength in equities and was instead starting to push higher. I think the dollar is beginning a rally that will surprise many.
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By Steve Vincent
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