Thursday, November 4, 2010

FAZ Update

 Here's Faz charts:

 1 minute

 5 min

 10 min

 Just turning the 15 min.

The daily chart is a recognizable pattern, those who have been here for a few months know that 85% of the time Black box systems head fake  these types of patterns. Whether this is a head fake depends on whether those divergences/accumulation move us up above the break out level around $12.75

If there's accumulation in FAZ, we'd expect to see distribution in the XLF Charts

 1 min

 5 min

10m min.

2 comments:

meeeee said...

Yes me too. I have FAZ too!!! Which is why a lot of people are worried about this SHORT thing Brandt has been telling us to accumulate.

Bert Lynd said...

Bank stocks rose after a report by the Wall Street Journal that the Federal Reserve will allow "healthy" banks to increase their dividends.

Stop shorting!!!!!!!!!!!!!!!