January 12, 2012

  • QQQ Weekly chart is closing in on a possible resistance line
  • First signs of weakness near resistance line will be visible in Hourly chart. Price is yet to show such weakness in hourly chart.
  • Up trend in hourly chart will be safe above 50 Hour SMA and the Hourly cloud.

1 comment:

  1. Would you like to exchange links? I have added your site to mine.




All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore