07
Nov
stored in: Uncategorized and tagged:

Negatives

  • Increasing Volume on downside moves
  • RSI that is trending down
  • Previous Support (1st arrow) could now become resistance (2nd)
  • We could be forming a topping head and shoulder pattern with us being smack dab in the middle of the right shoulder.

Positives

  • Uptrending 50/200 moving averages

Nasd

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One Response to “Troubling Development”

  1. Carlos Says:

    Hi Sir,
    See that link mybe help
    Only my 2 cents.

    Ndx100 -Pattern Maybe Too Simple
    http://followmarketrend.blogspot.com/2009/11/ndx-

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