Browse Symbol Stacks: XLF: log SPY QQQ XLF.jpg

log SPY QQQ XLF.jpg

When I first became interested in stock analysis I noticed sometimes there was what I called "the low before THE high". I wonder if that is what we have here. All three indices broke a long term uptrend line only to go to a new high---all of which all now abutting the upper resistance line. All on my intermediate term momentum indicators look like they are on the verge of going from positive to negative. To me looks like a better place to watch or sell than to buy. Best to ya. Tom B

Comments

Life is what you make it......Life is what you make it......
The markets are a product of "herd" mentality......and when the heard finally gets turned we go the other way 
 
This has nothing to do with the pervious spot I posted...LOL 11/19/14