Friday, November 2, 2012

A Look at Tech

I used Financials as an example, here's Tech though.

 3 min trend leading positive, no sign of distribution here

 5 min with a large leading positive across a lot of time and at a new leading high


The 15 min chart was strong enough that it even migrated over to the 30 min chart.

I have a really hard time looking at charts like this and closing positions based on an emotional move, these are solid charts for a decent continued move up-don't forget how well the market performed against the flow yesterday and even today being we're not closing in on  or under $1400 where we rightfully should be based on the FX correlation

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