Well,when I was pointing at te broken pattern 2 weeks ago... May 29, most were bullish.
Now,I am watching candles on daily charts and read them as a bullish pattern...small bodies and possibly morning star formation,
which of course need some confirmation.
Also look at the MSFT chart, which does not look so bearish.
TRAN is another clue, I think, the wave down is finish.
If INDU will hold the support at 10,600...Nasdaq should do the same.
stockcharts.com[l,a]daclyymy[pb50!b200][vc60][iUb14!La12,26,9!Ll14!Lp14,3,3!Ld60]
Weekly Compx is sure bearish and will be for some time.
Regards,
el |
