MDA - Market Direction Analysis

[deuce bigalow]

way the neckline is drawn in the last version of the chart posted, wouldn't we at least expect something interesting on the volume when breaking through the neckline? or is that also regarded as unnecessary?>>>>

now if you want to see and inverted H&S that has a ripe chart encyclopedia volume pattern (though the neckline is all over the place, not a straight line) look at the nasdaq, which had big volumes into the june/july low, and decreasing volume at the subsequent lows and now is breaking out on expanding volumes.
the nasdaq is making higher highs and higher lows for the first time during the bear market, this could be a sign of speculation, or it could be the high beta index leading the pack into a cyclical bull that will last longer than most expect.

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i posted several days ago the citigroup chart stalling at the downtrend line which had repelled it at every bear market rally, it has taken it out convingly in the last few trading sessions, the whole pattern set-up looks like a potential for a run to new all time highs in C.

america great country, god bless america -g-

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