QQQQ Storm Brewing
#1
Posted 23 December 2006 - 09:32 PM
1) Head and Shoulder top in the RSI.
2) Parabolic SAR now on a sell.
3) RSI on a sell.
4) Fast MACD .007 away from a sell.
5) Force Index on a second sell signal.
6) Last five weeks downside volume higher than upside volume.
7) ADX turned down signaling a trend consolidation or reversal.
8) Double top in Full Stochastics and it's about to confirm a sell.
9) MFI on a sell signal.
10) Chaikin Oscillator on a sell.
http://stockcharts.c...0914&r=9599.png
– Vincent van Gogh
#2
Posted 24 December 2006 - 01:13 AM
– Vincent van Gogh
#3
Posted 24 December 2006 - 10:09 AM
#4
Posted 24 December 2006 - 10:36 AM
When everyone is thinking alike, there isn't much thinking going on...
– Vincent van Gogh
#5
Posted 24 December 2006 - 12:42 PM
The weight of the evidence suggests a correction to the intermediate-term up trend started last July is getting underway. Support is suggested between 41.21 and 42.25. Here are the top 10 reasons why I'm short-term bearish:
1) Head and Shoulder top in the RSI.
2) Parabolic SAR now on a sell.
3) RSI on a sell.
4) Fast MACD .007 away from a sell.
5) Force Index on a second sell signal.
6) Last five weeks downside volume higher than upside volume.
7) ADX turned down signaling a trend consolidation or reversal.
8) Double top in Full Stochastics and it's about to confirm a sell.
9) MFI on a sell signal.
10) Chaikin Oscillator on a sell.
http://stockcharts.c...0914&r=9599.png
Weekly red sticks with no tails often sharply reverse the following week.
Note Dec. 05. I'm staying short Rimm but going long index calls.
#6
Posted 25 December 2006 - 10:19 PM
– Vincent van Gogh