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Thursday, March 22, 2007

HOT SPOT CHARTING...

(Click charts to enlarge)

QQQQ, Still could try to complete a successful back test of the 50ma.
Potential bearish harami candlestick reversal pattern.
Will need confirmation by a close below the 50ma...


QID, ProShares ultra short.
Potential bullish harami reversal candlestick pattern.
Will need confirmation by a close above the 50ma...


EK, Showed a sign of exhaustion today.
May need a few more days of back and fourth before trying the lower support line unless it pulls together and gets above the neckline...


(Originally blogged on March 1st)

Could there be a date with the neckline around the first week of April?

The S&P 500 O-Strip Index is a subset of the S&P 500 index.
It is the S&P 500 stocks that are listed on NASDAQ, which
amounts to approximately 75 NASDAQ traded stocks.


Arrived a little early........
Could see plenty of resistance or a trend change at the red upper trend line....


Charts and comments are NEVER INTENDED AS ADVICE...

Thanks for visiting...

00K


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EMAIL- hotspotcharting-ook@yahoo.com