News Focus
News Focus
icon url

DiscoverGold

04/03/13 9:26 AM

#58256 RE: DiscoverGold #57729

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.