February 25, 2012

  • Goldman Sachs Weekly charts shows price near important resistance levels. Daily chart shows a consolidation which may act as a continuation pattern which may favor bulls. Last chart shows the exact breakout or breakdown levels.
  • S&P 500 WEEKLY BULLISH CROSSOVER
  • Dell has given a bearish weekly candle at resistance line.
  • daily chart gaped down below 20 SMA. Friday's closing was a bearish candle below 20 SMA. Price sustaining below 20 SMA will result in another fall.
  • S&P 500 WEEKLY BULLISH CROSSOVER
  • CSCO Week with MACD negative divergence. Price also getting resisted at 50% Fib level and 200 Week SMA. As a confirmation price has to close below 20 Day SMA for confirming weakness.
  • S&P 500 WEEKLY BULLISH CROSSOVER
  • Month candle yet to confirm a breakout above previous resistance level.
  • Daily chart shows the smooth up move above 20 SMA with no major weakness yet.
  • Weekly chart has given a bullish moving average crossover(20 and 50 week). If the horizontal resistance level is taken out this will be the third successful Bullish cross over from 666 level.
  • ES AT TOP BOLLINGER BAND

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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