IT, me too -g-
i got softie on the round up last week and today I bought qcom, which looks like it broke the trendline of the triangle on nice volume and finished the day with a rising wedge on the 5 minute chart- please gap open -ggg- If this thing breaks out, it should retest it's old high.
The spx is reaching an overbought reading on 9 day rsi that has been commensurate with tops over the last couple of years, but if this is an initiation move, we should be able to rally with good breadth and overbought rsi, one of the worst performing S&P members, ACK even had a good day today.
There is even a nice gap in the S&P futures that the bears can look forward to filling at some point in the future -gg-
something for everybody today, did you notice that everything went up today, dow, s&P, nasdaq, bonds, a/d, haven't seen that for a long time.
On the bearish side, we are now making a right shoulder on the broadening formation on the dow, tomorrow is important.
b |
