HOT SPOT CHARTING...

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Bank Index,
Top of channel...


Broker Dealer Index,
Has the downtrend commenced?


SP500 Energy Industry Group,
A large component of the SP500...


HITK,
Potential double bottom...


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HOT SPOT CHARTING...

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DJ Europe Tech Index...
Gap is closed.
Runs much like the Compq as seen below...




VIX, Pennant formation & MACD rising above the zero line...

Could it be deja vu?

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

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CAUTION...

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Nasdaq Comp, Bearish Doji star pattern.
Needs confirmation...


Disk Drive Index.
Potential ending wedge pattern plus overhead resistance...


Nasdaq Buywrite Index, Bearish Doji star pattern.
Needs confirmation...


Nasdaq 100 Tech Sector Index,
Potential bear flag...


The Nov. 30th SP500 Target was made today (1415)...

Charts and comments are NEVER INTENDED AS ADVICE...

There's a fine line between eccentrics and geniuses. If your a little ahead of your time your an eccentric, and if your a little too late, your a failure, but if you hit it right on the head, your a genius...

"Thomas J. Watson Jr. founder of IBM"

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

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING

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S&P Tech Sector Bullish Percent Index...


Nasdaq 100 Buywrite Index - CBOE.
Loss of direction...


Nasdaq Volume Declining.
Channeling...


Nasdaq 100 Tech Sector Index.
Back testing...


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

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING

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S&P 100, High-Low Index.
MACD crossing under but not yet confirmed.
Note false cross under Jan, Feb 06 (weekly chart)...


S&P 500, H-L Index update (weekly chart).
Watching for a MACD cross under...


Falling wedge and gap.
Could filling the gap be a setup for going long?
Charts and comments are NEVER INTENDED AS ADVICE...

Falling Wedge:
Technically speaking, a falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.


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

EMAIL- hotspotcharting-ook@yahoo.com