Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, March 10, 2011
CSX Daily Chart Rising Wedge Negative Divergence
CSX daily chart showing rising wedge and negative divergence. No where to go except down. Weekly chart is in negative divergence now as well hinting that railroads are rolling over. BRK/B serves as a railroad proxy and its charts are topping and rolling over also. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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