Posted Wednesday, March 6, 2013 @ 5:07 am by Dr. Wish
QQQ head and shoulders fails; All indicators are positive; IBD: “confirmed uptrend.”
IBD has just changed its market outlook to confirmed up-trend. With the GMI on a Buy signal since the close on February 28, I am adding long positions. This weekly chart shows that the QQQ head and shoulders pattern failed to develop. A lot of stocks are breaking out. With the T2108 only at 61%, this market is not extended.
Post Tags:
Add a Comment
