Monday, July 21, 2014
Saturday, July 19, 2014
Nasdaq case study ;
Main trend is still bullish, but we now have a "pattern warning"
Focus on that "4350" level
Dear readers, its all about risk/reward, forget your ego, forget trying to "be right" all the time, its never about that, its all about protecting your assets.
You know we are in an uptrend, but we clearly know from experience that long uptrends eventually lose momentum, that loss of momentum often comes in a "pattern change".
We could face two types of scenarios right now ;
1) We spike higher, then reverse hard (forming a head), head and shoulder pattern
2) Price goes below 4350 and we end up in a long channel pattern, not a crash!
Long term bullish, why? Big caps techs are actually cheap, full of cash
Friday, July 18, 2014
Thursday, July 17, 2014
Wednesday, July 16, 2014
Monday, July 14, 2014
Sunday, July 13, 2014
Yahoo's earnings are next week. Pattern is clear for 2014, lower highs
Resistance level is also clear
Wide channel pattern (current condition) are very hard to trade, so let the moving averages speak.
The 50 EMA is almost getting ready to cross below its 200 EMA (bearish)
Gut feelings ? Not expecting "good news", and not expecting a sudden up trend