Last posting on 10 Oct, KBE is hitting resistance.
And after 2 weeks, KBE breaking down from $24 to 21.
Anymore downside? Will there be a bounce before major sell off again?
Sunday, November 1, 2009
Market Correction
ETF UUP is up up and away ==> DXY also bullish.
What is up in this UUP chart? (7 days ago)
Volume up (green bar) = Bullish
MA20/EMA25 Breakout = Bullish
Accumulation strongly moving up for about 7 days
ADX crossing over soon (+DI is moving up = Bullish)
CCI crossover -100 and moving above 0
MACD bullish crossover
MFI moving above 50%
OBV having strong reversal bounce
Stochastic crossover last week.
Watch out the following :
DUG, EEV, FXP, QID, SMN, SRS, VIX
AKS, DIG, IYR, KBE, LFT
Will market stop last week selling and head higher?
Always look at the volume and price.
What is up in this UUP chart? (7 days ago)
Volume up (green bar) = Bullish
MA20/EMA25 Breakout = Bullish
Accumulation strongly moving up for about 7 days
ADX crossing over soon (+DI is moving up = Bullish)
CCI crossover -100 and moving above 0
MACD bullish crossover
MFI moving above 50%
OBV having strong reversal bounce
Stochastic crossover last week.
Watch out the following :
DUG, EEV, FXP, QID, SMN, SRS, VIX
AKS, DIG, IYR, KBE, LFT
Will market stop last week selling and head higher?
Always look at the volume and price.
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