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break of two year support |
worsttrader White Belt
Joined: 24 May 2008 Posts: 39
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Post: #1 Posted: Tue Jun 21, 2011 8:57 am Post subject: break of two year support |
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A rising two year trend line support was finally broken on closing yesterday |
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grizzlybull White Belt
Joined: 26 Sep 2010 Posts: 80
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Post: #2 Posted: Wed Jul 27, 2011 9:21 pm Post subject: |
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typical false signal. I think those days fundamentalists got fooled by the fundamentals. now that still happens, but also technicians get fooled by false technical signals.
while P/E ratios used to fool investors those days, nowadays trend line breaks,etc are also used. or perhaps it's just a market imperfection. |
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