It seems that is will stay down based on the 3C chart below.
5 years ago
Friday, September 24, 2010
GOOG
It seems today that GOOG has been the market's Patron Saint instead of AAPL
The pattern in the trendlines is an ascending triangle which is a bullish continuation pattern, the idea is that it is supposed to breakout to the upside, again another false pattern break. If this holds though, it should confirm the SPY break out as false as well.
It seems that is will stay down based on the 3C chart below.
It seems that is will stay down based on the 3C chart below.
2 comments:
Euro looks to headed south
Only 2 hours of trading left on a Friday heading into a weekend, we are still at highs or there abouts. Todays gains have wiped out the last 3 down days.
We broke 'substantial' support levels yesterday to the down side on good volume (SPY $130). And yet the good old magical futures market and a morning pump have erased all that progress.
That's some substantial market movement and 3C doesn't seem to be giving much insight today?
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