RUSSELL 2000

Russell 2000, as posted on Nov. 10th.
At the time we said "Possible diamond top pattern.
Watch for a possible false breakout prior to a decline."


Russell 2000, as posted on Nov. 14th.
At the time we said "The Russell 2000 did breakout into the rectangle as suggested. We will have to see if it is indeed a false breakout prior to a decline as described in the above Nov 10th chart. However the QQQQ target area is close but has not yet been met. Therefore additional upside remains in the Russell."


Russell 2000, at the close Nov. 22nd.
With the QQQQ now within the target area we will be
looking for a reversal in the Russell 2000 to comfirm
a false breakout...
(Confirmation is needed)




Charts and comments are NEVER INTENDED AS ADVICE...




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00K


The email address is offered only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

QQQQ TARGET HIT

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QQQQ, chart as posted on Nov. 10th with a target
area of $44.50 - $45.00...


QQQQ, Nov. 22nd close $44.73...


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00K


The email address is offered only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING

"As tempting as it is to chase this equity rally, it's important to recognize a rally premised on yearend performance catch-up flows rather than a rally premised on improving economic and earnings fundamentals," notes David Rosenberg, chief North American economist at Merrill Lynch, in a Nov. 20 report. More than three-fifths of economic reports since Labor Day have been disappointing, while less than a third have come in above expectations, according to Rosenberg.




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CAUTION is PERTINENT

(Click charts to enlarge)


SP500 Growth iShares...


Churning.............
A period of heavy trading with few sustained price trends and little movement in stock market indexes.


Due to the holiday week my posting will be sporadic at best.


I have reviewed many charts this evening and a test of the uptrend in the major indexes is FEASIBLE at anytime............
(NEVER ADVICE)



Thanks for visiting & enjoy the holiday...

00K


The email address is offered only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

LOWE'S

Lowe's warns of earnings slide (cnnmoney.com)
http://money.cnn.com/2006/11/20/news/companies/lowes/index.htm?postversion=2006112007


Charts and comments are NEVER INTENDED AS ADVICE...


Thanks for visiting...

00K


The email address is offered only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

A Few Transport Charts

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Hide not your talents.
They for use were made.
What's a sundial in the shade.
"Ben Franklin"


Thanks for visiting...


00K


The email address is offered only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com