Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Most Important Stock Chart Patterns
November 13th, 2009
MOST IMPORTANT STOCK CHART PATTERNS – Hello everyone! Sorry for my absence yesterday. I was at an all-day seminar around here which clearly took me away from the markets for the day. I was glad to see when I got back that everything we south quickly! And it didn’t hurt that the portfolio has a BIG GREEN day!
Now, onto the chart below of the Russell (RUT). For me, it’s the most important chart pattern right now in the markets – period. As you can see in the BLUE areas, the market is moving very cleanly between the Fibonacci retracement areas. More importantly, this last rally created a double top and failed to hold higher support. Case in point – this trend is OVER. Now you have the natural retracement back up and the eventual fall will come (RED area).
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Today's Live Market Quotes & Charts
| DJIA | 10608.82 | ||||
| NASDAQ | 2367.07 | ||||
| S&P 500 | 1149.93 | ||||
| ^TNX | 3.72 | ||||
| ^XAU | 167.12 | ||||
| ^XOI | 1074.26 | ||||
| BGU | 57.64 | ||||
| URE | 7.62 | ||||
| FXP | 8.25 | ||||
| UDN | 26.78 | ||||
| XLF | 15.56 | ||||
| FAS | 89.28 | ||||
| SKF | 20.37 | ||||
| XLB | 33.07 | ||||
| UUP | 23.57 | ||||
| ERY | 10.20 |
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