Wednesday, September 26, 2012

GOOG - Strong volume

Relative highs and relative lows are usually made with highs on volume... That´s the reason why i am looking to the price action very carefully...



QCOM - Bearish island

I am bearish on this one under yesterday highs (64.365).

Short term oversold conditions might give the price a chance to test yesterday mid-point at 63.37...

I would sell any rally. I would sell a test, from bellow, to the 62.6 area...


 

AAPL - Enough?

As defended here, I am expecting to trade a test to 50 days or even 200 days e.m.a.. Watch for 683 and most important, the golden retracement (674.47) in the previous resistance area.

As a reminder, this is still an up trend. Watch for 655.5 as bull´s last support before those averages...





Tuesday, September 25, 2012

QQQ - Bearish Window

22 days e.m.a. is not "breached" on a closing basis since July...



One should also keep in mind the weekly chart, and some bearish signs...


I am a PERMA BEAR, so just forget this above 70.15