QQQ Weekend update
- First chart is an ascending triangle pattern which is bullish. But compare it with the last chart the up move does not have increasing volume. If bulls manage to breakout above this ascending triangle they should do it with a volume breakout as well so that the breakout will sustain.
- Other two charts shows bearish scenarios. Weekly stochastic is near overbought zone. Price hitting upper Bollinger band in weekly time frame. If ascending triangle does not give a price volume breakout these two charts are likely to give a correction.
- SILVER WEEKEND VIEWS
- DOW JONES WEEKEND ANALYSIS
Nice updates San.
ReplyDeleteHope you like my updates too.
If youtrade forex or indices you will like to see last updates http://followmarketrend.blogspot.com/
ES open 4 point below friday close remember first suport 1305.50
Great week to all.
Well the Egg of Doom sure seems to indicate that 2012 will be a bad year for equity value.
ReplyDeleteA stealth flight to USD could bring down the indices.
One problem I have with charts, and it makes no sense to me, therefore I have to assume that it is intentional method of deception, it the way that mathematical lines image differently on different time frame charts. Annoying --more than annoying.
You can see on the near term Egg of Doom, we are just touching the Egg line.
However, on the longer term Egg of Doom, we have already broke the shell and into overthrow mode if that is what that is.
Anyone have any type of explanation at all on this matter?
OH and by the way, klik some adz, thank you.
http://oahutrading.blogspot.com/2012/01/egg-of-doom-2012-visit.html
@Carlos Júlio
ReplyDeleteThanks for sharing the charts. Your updates are always useful.