Monthly Archives: October 2015

Notorious QQQ.

First, go look at this previous post for PowerShares Nasdaq-100 (QQQ:NASDAQ) written on February 19th.  The bullish target of 113 has been hit. Now the chart has morphed into the next playable pattern.  Check out the 10 year monthly candle chart below. A monthly close above 114 would give a measured move applied to the breakout […]

Save A Prayer for Blackberry!

Is this a bottom carving out for Blackberry (BBRY:NASDAQ)?  Let’s imagine so and look at the bullish scenario. The monthly candle graph below shows the move to 11 needed to reach the upper resistance line of the bottom formation. Here is the weekly candle chart. More of the same. Moving averages are still trending downwards. […]

A Union of the Snake for Germany.

iShares MSCI Germany Index (EWG:ARCA) Is trending toward the lower boundary of it’s descending channel. Now also coinciding with the breakdown support line. Check out the monthly candle chart. A close below 24 would give a target of 18. Here is the 5 year weekly candle chart. More of the same. A final zoom in on […]