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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?


To: Gush who wrote (525)6/1/2005 8:33:27 PM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
Gush, UNH did not correct today, it was up 1.3%, support at the middle of the BBs held, and a reasonably (not strongly) bullish candle formed:

stockcharts.com[h,a]daclyyay[db][pb50!d20,2][vc60][iLg!Lyb20,2.0]&pref=G

True, UNH also tested the upper BB and chart overhead and was turned away, but now that upper rail has been eased open as a result of that test (also the lower rail). UNH has a foot wedged in the door.

I see little bad news in the technicals, but they do not give a clearly bullish indication either. There is some indecision there I think. I am not concerned yet, I think things are developing okay.

139.142.147.218

In short, I see no warning signs for UNH at this time, and I do continue to see encouraging signs that UNH will break to the upside out of these contracted BBs.

When and how strongly remains to be seen.

T