date:Nov 13, 2012
The market remains locked in a congestive pattern. We continue to trade within the confines of a triangle pattern on the dailies. If we do breakout of the triangle in the coming week, price action would be better on the upside, White says.
But, there is a slight bias to the short side on Monday, as the market had a new short-term high on Friday but closed below the close of the previous two days (double reversal day), White says.
This pattern is generally bearish for the next trading day b