Friday, June 13, 2014

Interesting MCP Chart

I would reiterate MCP, but I think I have several times now.

Take a look at this squeeze in volatility, it's typical of a highly directional move on the way and we know that the 3C charts haven't only held up since the post earnings decline (like the RIMM trade), they have improved....

The "Volume at price" indicator isn't so important, that's not the point and those are Heiken Ashi candlesticks, you might be seeing more of them, if I decide to start using them I'll give you a primer and link it to the site.

MCP looks VERY close to a breakout.

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