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Wednesday, April 03, 2013 9:26:59 AM
The Transports Break the Rising Trendline
By Maurice N. Walker
* Tuesday, April 2, 2013
The first chart below shows the bearish signals on the Transports that led to the breakdown of a rising wedge pattern, taking out the trendline.
The second chart shows the that the Nasdaq's Transportion index, which has have a double top pattern. The Breakout bands show a timely sell signal in the second top.
http://thechartpatterntrader.com/
George.
Click on "In reply to", for Authors past commentaries.
By Maurice N. Walker
* Tuesday, April 2, 2013
The first chart below shows the bearish signals on the Transports that led to the breakdown of a rising wedge pattern, taking out the trendline.
The second chart shows the that the Nasdaq's Transportion index, which has have a double top pattern. The Breakout bands show a timely sell signal in the second top.
http://thechartpatterntrader.com/
George.
Click on "In reply to", for Authors past commentaries.
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