3 replies to this topic

[borland]

Bullish Harami Pattern

low reliability, requires confirmation...

http://www.americanb...p...=NASD&TYP=S

Chart School:

http://www.litwick.com/glossary.html

[selecto]

The bull should also like two lower volume retests of what looks like a climatic selling day.

http://stockcharts.c...2013&r=4642.png

[SemiBizz]

Problem is there are six sticks down now on Nasdaq, with one green... while I believe and forecast higher prices, the volume is unconvincing... until proved otherwise, the "bullish" aspect of this is only technical and without a VOLUME confirmation, just a gentlemen's agreement between sellers.. until someone panics, and when one panics they all will... Oh, just one more thing... for volume reasons, Nasdaq as well as NDX 100 take precedence in my work. When the two signals deviate, the rule of thumb is the signal of the underlying index, not the derivative(QQQQ). It is obviously for volume reasons... the volume of the indices dwarf the volume of the QQQQ...

Edited by SemiBizz, 30 July 2007 - 10:10 PM.

[SemiBizz]

So looking at the chart.. could that 49.50 get retested on lighter volume, it is probably likely...