Free Fred Jones Essays and Papers

Actually, not much happened on Friday, but the title symbolizes the week as a whole. Usually, Friday the 13th doesn’t live up to its gloomy reputation and is bullish, but not last week; it tried to turn, but sold off into the close. As expected, last week, the averages fell out of a rising wedge, thereby ending another attempt to rally out of the pit left by the 05/06/10 flash-crash. We have had two attempts now, both ending in a weekly Engulfing-Bear, as did the major rally itself from 03/09/09