Sunday, August 29, 2010

For Nasdaq, Still a Breakout

With all the consternation lately about how the equity markets are in a bear market, this chart argues otherwise with a breakout from a pennant on the largely momentum based "renko char" - one of the key variables that I use for my trading.. This chart is not on an island either as the other four major indexes, as mentioned previously, are all maintaining uptrends.
Enhanced by Zemanta

No comments:

Post a Comment