$COMPQ Resistance
By Johns Wu on Nov 28, 2005
The Nasdaq flew right into resistance today.
As expected, some sellers moved in to cash in on profits during the monstrous rally this month. Who said technical analysis is useless?
This entry was posted on Monday, November 28th, 2005 at 3:40 pm and is filed under Annotated Analysis.
You can skip to the end and leave a response. Pinging is currently not allowed.
2 Responses to “$COMPQ Resistance”
By Space4u2go on November 29th, 2005 at 2:41 pm
Also $INDU (Dow Jones) is at a very critical level, if you check equivolume chart it shows big rectangle and candle stick pattern shows ‘Gravestone Doji’ which is a top reversal signal.
Leave a Comment
Recent Blog Posts
- What to do about Nucor
- Shortcake ?
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Stashing Cash in Savings Accounts
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Broadcom
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
- Bottom or no bottom, That is the question.
- Is the Apple Still Rotten?
Subscribe
   |
 |
I agree with you on this one. The good thing is that the current retrace is happening at the top trend line that is uptrending. Thus, this is part of the triangle formation and show no sign of a trend reversal (at least as of yet).