Note GLB in March. BMEA rose 5.4% during the weak market on Wednesday. It must hold lower BB at 30.94. Black dot= oversold bounce.
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Blog Post: Day 18 of $QQQ short term up-trend; 72 US new highs and 20 new lows on Tuesday; My 10:30 weekly chart still shows $QQQ in a Stage 2 up-trend; see also charts for $WWE, $ZM
Note that the 10 week average (dotted line) is rising above the rising 30 week average (red solid line). In the past this has been the pattern marking the end of a major down-trend. Gray line is the weekly close.
This pattern works for individual stocks too.
On the way up and then down.
Blog Post: Barring a sudden panic over the debt negotiations, my indicators suggest a major market Stage 2 up-trend has begun, see charts
30 week average (red line) curving up.
RWB weekly up-trend begun.
