March 2, 2014

  • February month candle failed to close near the High's, This will keep the Monthly bearish setup intact.
  • Daily chart is contracting in a triangle. The presence of 50 and 100 SMA will make it tougher for bulls to do an upper breakout.
  • Breakout is likely to happen in favor of bears because of the Bearish Monthly setup.
  • BLACKBERRY Analysis after closing bell


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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