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.
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Wednesday, March 16, 2011
TICK Tick Daily Chart
TICK tick daily chart forecasted the broad market selloff eight days ago when it printed an uber bullish 1200+ tick. Now the chart is on the lower extreme, at -850, down where the Spring 2010 and August 2010 selloffs stopped, and this print is actually lower than where the November 2010 selloff stopped. Thus, this area would be a good candidate for a bounce for the broad markets. 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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