Replies to post #12755 on Short Term Trading Member Forum

[mokew]

chris;
Very interesting, the RUT is near the upper BB and the Q's are hugging the lower band, something has to give, and with the earning season just about to start, I think we stay flat or a little lower for a few weeks.
JMO

[chris3403]

As previously suggested an Ascending Triple Top breakout signal was generated at the close for the $RUT
http://stockcharts.com/gallery/?%24rut
gl/gt
chris

[chris3403]

Most Active Stock on the NYSE today was GE.
GE reports earnings next Friday before the bell.
The run up to earnings should take GE up to the 36.28 area if not higher.
The $SPX has a chart pattern developing just like this week's $Rut pattern.
http://stockcharts.com/gallery/?%24RUT
If it continues and no reason not to think so
the $SPX will also generate an Ascending Triple Top Break Out signal.
http://stockcharts.com/gallery/?%24SPX
This signal will be very bullish for the markets in general.
gl/gt
chris