Monday, March 1, 2010

Could this be a sign of higher prices?

The FXI is breaking out a inverse head and shoulders pattern this morning while the RUSSELL 2000 is breaking out a bullish flag pattern. This price action is very bullish on the back of the bullish reversal put in on the 5th of February, 2010. This confirms that we are in intermediate term uptrends now and that higher prices are likely in the near future!

at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

MY DAY TRADING RULES

I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...

  • Stopped out of GT...
    My experimental short position in GT has been closed out by my stop loss order for a loss of about $115.00 including commissions. However, I...
  • Market now in confirmed uptrend...
    I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
  • Three Stocks in Stage 3 Breaking Down!!!
    These three stocks are currently breaking down from stage three topping patterns. All three recently announced earnings disappointments a...