February 22, 2014

  • QQQ daily chart shows price at the resistance line of the broadening pattern.
  • Weekly chart shows a bearish doji at the weekly upper bollinger band. Doji pattern needs confirmation with a negative weekly candle.
  • Bearish setup may work well only if price sustains below 89.31 level.
  • GROUPON Chart Analysis

  • Groupon Daily chart shows price gap down and closing below 200 Day SMA.
  • Bearish day also gave huge volume spike.
  • Weekly chart too shows price closing below crucial support lines.
  • CRUDE Oil trend 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