Tough to read too much into Friday's fall off given the volume, but my single worst trade (long) was Thanksgiving 2008 with a similar low volume fall that precipitated a 5 day fall off to a 3 year low. Lots to be weary of these days - I'll elaborate tomorrow.
Notable: Weekly chart showing a bearish engulfing pattern (key reversal) on further slow stochastic divergence and monthly to post a very bearish evening star.
60 Min Chart - cleaned up the chart and am now building bear targets. The bull counter argument is that this is a wedge pattern pointing to substantial upside. Im still in the only 30 % chance we see a new high this year (but 90 % we see one next year).
Euro - evening started off with a big move up in reaction to the Irish bail out, but has come off sharply. Friday's close below the 133.37 level was key, but needs further confirmation. All quite bearish coffee.
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