The Cup with Handle is a bullish continuation pattern. Target: 16.88. Huge volume in the break-up. More information about this pattern: stockcharts.com.
Tuesday, August 10, 2010
Monday, August 9, 2010
SPY - DIA: History repeats...
Look at this interesting patterns. Notice that one chart is daily, and the next is weekly. One is from 2010, the next is from 2008 / 2009. Notice the same volume pattern, the same wedge, the same MACD pattern and the same H & S. Looks easy, doesn't it?
Sunday, August 8, 2010
Monday, August 2, 2010
Brazil... la ra la la ra la...
If it breaks this resistance, first target 90. In the weekly chart, 200 EMA (yellow) up-trending. 50 EMA (green) above the 200 EMA. 22 EMA (red) above the 50 EMA. EWZ is up-trending.
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