November 11, 2013

  • Weekly chart shows price continues to trade in a range between 38.2% and 50% Fib level.
  • 100 Week SMA too is trying to protect bulls from a bigger fall. Closing above this level will strengthen apple bears.
  • Daily chart shows negative divergence which is why the stock is moving sideways to negative. Price need to sustain below 20 Day SMA for the divergence to be effective.
  • TESLA Weekend update
  • BANK Of America Weekend update
  • GROUPON Weekend update


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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