Trader's Tips, Part 2: IBM And The Bearish AB=CD
As I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern,
As well as the bearish AB=CD pattern (above).
Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off.
Then, IBM-halted at a double top, and sold off again.
Take the time to look at how many DOW-30-stocks have negative formations.
This will give you an inside track as to the direction of the overall market.
Today's Nugget: “The four most dangerous words in investing are “This time it’s different”. John Templeton
May all of your trades go well. Don.
As well as the bearish AB=CD pattern (above).
Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off.
Then, IBM-halted at a double top, and sold off again.
Take the time to look at how many DOW-30-stocks have negative formations.
This will give you an inside track as to the direction of the overall market.
Today's Nugget: “The four most dangerous words in investing are “This time it’s different”. John Templeton
May all of your trades go well. Don.