WFMI – Rising Three Methods and Bullish Flag

Whole Foods Markets Inc is looking like a very strong buy here. We see a rising three methods Japanese Candlestick Pattern, combined with a bullish flag. The three “inside” candles came on diminishing volume, with day 1 and day 5 coming on strong volume.

Crude Oil Price Forecast, and The US Dollar Rally 1-29-2010

In the power-trader newsletter, we’ve been talking about the move lower in crude oil, and the correlation with the uptick in the U.S. Dollar. Today, crude oil broke below a very important trend line / rising channel, indicating further weakness in the commodity.

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