Sunday, December 20, 2009

Index Charts Setting Up For More Upside






The next 2 weeks have historically been very bullish time for the markets. I will focus mostly on bullish setups for now.
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3 comments:

  1. positiontraderDecember 20, 2009 at 5:56 PM

    Some nice charts there.....Thanks!

    Check out MOT too. Also NEP should run once it crosses 7.

    Good Luck tomorrow!

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  2. StewieDecember 20, 2009 at 6:17 PM

    Hi P.t.

    MOT looks like it can run to 9.5. also NEP looks still bullish to me, just needs a few more days.

    ReplyDelete
  3. seeerDecember 21, 2009 at 11:09 PM

    In my eyes BKX, XBD and XLF (and GS) has broken out of the triangle/wedge, but the volume was low yesterday and there are some problems.
    IMO the wedge/triangle is the most unreliable pattern. And all of them are below the downtrending 50SMA and that's the real deal, the resistance.

    ReplyDelete