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 | 10320.10 | ||||
| NASDAQ | 2200.01 | ||||
| S&P 500 | 1090.10 | ||||
| ^TNX | 2.63 | ||||
| ^XAU | 186.41 | ||||
| ^XOI | 976.22 | ||||
| ERY | 50.18 | ||||
| EEM | 41.54 | ||||
| IWB | 60.42 | ||||
| EEV | 44.22 | ||||
| TLT | 104.88 | ||||
| USO | 33.39 | ||||
| XLB | 32.35 | ||||
| UDN | 25.88 | ||||
| GLD | 122.29 | ||||
| FAZ | 14.50 |
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