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Alpha TrendsAlpha Trends is dedicated to unbiased technical analysis of momentum stocks or stocks that look poised for a large move in either direction. It is updated by Brian Shannon with video and written technical analysis of the equities markets and individual stocks. |
Higher Lows & Higher Highs
Posted on 07/24/2007 21:18:48 | Link | Post Comment
The Qs have rallied from the neckline and have made a series of higher lows and higher highs this morning. The market is at a critical short term level with potential resistance at the 5 day MA. If you are short for a trade a reasonable stop from this level is near 50.20 A move back below 49.75 could bring about further selling, but remember that with a rising 50 day MA, short side trades should be kept short term.
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Morpheus Trading - Thu Jul 17, 2008 01:15AM
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Morpheus Trading - Tue Jul 15, 2008 08:25AM
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Morpheus Trading - Mon Jul 14, 2008 02:18AM
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