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.
Tuesday, December 27, 2011
DVY Dividend ETF Daily Chart Five Waves H&S Overbot Negative Divergence
Five waves for DVY points to a potential ending for this near three year rally. The red lines show the negative divergence currently in place desiring a smack down. The neon green lines highlight a potential H&S. Projection is sideways to sideways down for the weeks and months to come. 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 financial advisor before making any investment decision.
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