March 17, 2013


  • EBAY daily chart shows price falling towards 200 Day SMA.
  • Weekly chart has fallen below 20 Week SMA. Next support is at 49.2 level.
  • Fibonacci levels shows price near 23.6% Fib level. Holding above this level may lead to a bounce. If 23.6% fib level and price support of 49.2 does not hold then a bigger correction may happen.
  • GOOGLE WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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  • Dark cloud cover pattern in daily chart continue to work well for bears of Google.
  • Price resting at 20 Day SMA. Falling below this level will extend the fall.
  • Weekly chart shows negative divergence. A bigger fall can be seen if the divergence starts to take effect.
  • APPLE WEEKEND UPDATE
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  • First chart shows a possible resistance line in weekly chart.
  • Second chart shows daily chart with support zone at 155.13 levels. Trading below this level may extend the fall towards the GAP.
  • Last chart shows the weekly time frame with strong indicator. Weekly stochastic yet to turn down.
  • APPLE WEEKEND UPDATE
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"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