Friday, August 14, 2009

Median/Trend Lines Should Contain Pullback


2 comments:

dave said...

From the above two charts, could one conclude that the SMH is the weaker of the two since it is in the bottom channel the entire time & never made it above the median line ?

R. Craig Pritchard said...

Absolulely, and if the bottom trendline is broken, it is all over.