on 12 May 2013
Play: Short at resistance; Long on Support.
Breakout in whichever direction determines the next move.
Lower wedge support @ ~11 points. While it may head lower, it'll pop again and eventually sky rocket.
on 11 March 2013
The question here is, Can Bidu hold the %50 Fib mark? A break below and down we go. I'm looking at the ~$40 price point where it has three support levels.
on 10 March 2013
Here's a look at the $VIX, volatility's here one minute and gone the next.
Currently, it's below the outlined range (Red and Green lines) and resting on support of the falling wedge. Is it time for a spike? I'm inclined to believe so.
on 09 March 2013
XLF broke down support - Is Citi set to suck less than XLF? Or will both actually rise? I vote the former.
In the previous "Can $GOOG Finally Break $AAPL's Back?", I looked at $GOOG relative to $AAPL and noted the 7+ year bearish channel. Below is the update to that post.
Below is the original chart posted back in Nov. 2012. As you can see, $GOOG has certainly broke the channel and is on it's way back up.