
Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, July 02, 2009
Stock Market and Dollar Upward Wedge Patterns - Signs of the times / Stock-Markets / CRB Index
By: Garry_Abeshouse
Over the last 12 months, the USD and now US equities, have formed bearish upward wedge formations on the charts. Upward wedges are usually well defined patterns showing weakening upward momentum, hence the shape. These patterns are known to be very common in stocks during bear markets and were especially so during the period 1929 to 1932.