Tuesday, November 15, 2011

EOD Update [8:53 PM Update]

[8:53 PM Update]

Triangle 2
I think I like this count better this way.

[3:49 PM Update]

Alternate 1
Forgot about this one I was looking into that may pique the bulls interest.

EOD Update

Lots of indecision in the market and this sideways action is getting a little long.

I'm still watching the triangular trendlines. Until they break, I think either direction is up for grabs.

The advantage I see for the upside break out is the fact that key SMAs are holding for the moment and MACD is now above the zero line, at least on the 60 min.

I like this count the best at the moment.


Bearish Triangle

Need to be prepared for this.

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