Too early to fall as a group, but we mention that some bellwethers are consolidating. As an example we take Apple (ticker: AAPL).
Be aware that Apple is overbought, but not ready to fall. For a clearer view on the trend, we look to the renko chart.
Showing posts with label NYSE. Show all posts
Showing posts with label NYSE. Show all posts
Tuesday, 12 May 2009
It's not over, until it's over
The number of shares above their 50 day moving average remains high. Above 90% of all securities quoted on the NYSE are in a bullish mood. But sentiment is top heavy.
Too early to fall as a group, but we mention that some bellwethers are consolidating. As an example we take Apple (ticker: AAPL).
Be aware that Apple is overbought, but not ready to fall. For a clearer view on the trend, we look to the renko chart.
Sphere: Related Content
Too early to fall as a group, but we mention that some bellwethers are consolidating. As an example we take Apple (ticker: AAPL).
Be aware that Apple is overbought, but not ready to fall. For a clearer view on the trend, we look to the renko chart.
Wednesday, 29 April 2009
Bull run - Part 2
The NASDAQ McClellan Summation index has risen very far, but nowhere we can see any sign of weakness.
So if you bet on a decline of this index – be very careful because timing will be very important as one rally is not equal to another.
So if you bet on a decline of this index – be very careful because timing will be very important as one rally is not equal to another.
Now let’s add another indicator: the MACD. Here we look to the NYSE McClellan Summation index. If the MACD rolls over, this indicator follows suit. And also precludes a trend in the index.
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