http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 Impelled by GOOG and AAPl the Q's broke above their April high, which must be taken as a very bullish sign until proven otherwise. Meanwhile the S&P and the…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p62881197949&a=207879904 Two power bars in five days. One a breakout, and the other a confirmation. Rushing on to October we only had three down days after the breakout. What does…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p62881197949&a=207879904 We are not much contrarians --- because we assiduously avoid joining fads and cults and cliques. And we avoid attaching too much importance to any idea or concept. We…
We have remarked at some length on the futility of pre-identifying chart patterns -- as we have remarked here on everybody in the world seeing a head and shoulders here,…
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 We bought the Qs based on power bar across the trendline on dumpety bumpety down wave pattern. This is a trade, not a system or trend position. We also…
