December 25, 2013

  • Apple daily chart shows developing negative divergence. Some more upside is likely for apple before the divergence may start working.
  • Weekly chart shows price nearing Golden ratio which may act as resistance level. Weakness in weekly chart only if price starts to trade back inside the cloud.

  • Blackberry nearing crucial resistance levels like 100 Day SMA and 38.2% Fib level. Daily chart with Ichimoku cloud shows bulls testing the cloud. For a possible trend change price must sustain above the daily cloud.
  • BLACKBERRY Falling wedge pattern
  • CATERPILLAR Breaking resistance levels


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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