The consecutive weekly white candle streak ended at five. All of the candles were shaped about as good as they get. The more recent two week period looks more like a consolidation than a topping pattern. The November low of 458 is probably important because it was probed last week. Any minor weakness should be… Continue reading 11/19/21 The Homestretch
Month: November 2021
11/5/21 SOXL and Other Leveraged Bulls
The widely expected September weakness and turnaround in October actually happened. The weakness was quite mild while the strength was extraordinary. SOXL made a double bottom, consolidated for a week or so on the sunny side of the 54 day SMA, and then almost doubled from October lows.. Seems like the imbeciles that bought Evergrande… Continue reading 11/5/21 SOXL and Other Leveraged Bulls
11/2/21 The Homestretch
The little guys are breaking out to the upside from a ten month base. The bottoming pattern is pretty, especially from July. Note how the 52 week is rising at a steeper angle than the 13 week. IWM and associates are usually heart breakers on breakouts, but both the 13 and 52 week levels look… Continue reading 11/2/21 The Homestretch