Just a quick post to note RSA Security (NASDAQ: RSAS) possibly coming out of a tight handle on increased volume. Note the accumulation in the handle, as shown by the 4-5 up days on above average volume with no down days on above average volume. Search my blog history for my prior posts on RSAS. Cheers!
Just a quick post to note the intraday reversal and close in the lower half of the day’s trading range on above average volume. This is important because many people will simple see the higher close and think all is good. Some will notice the higher close and higher volume and think all is very good. However…
Here we see the dollar, as represented by the Euro Trust ETF (AMEX: FXE), taking it’s largest 1-day plunge against the Euro in two months. The dollar selling / Euro buying took us right to the neckline of a 3-month head-and-shoulders-type formation (see chart). A close above $1.22 could mean a quick move to test $1.23. A close above 1.23 could signal the beginning of the more significant move down for the dollar I expect for 2006, likely against most other major currencies. See the continuation of this post for the Gold chart.
Now into their second day with no new images being displayed… What the #$% those idiots doing over there, and I don’t mean the techies necessarily, but the jackasses in control of the technology budget and planning!?
All I can say is check back who knows when these people will fix their site that they are charging users for and not providing a critical feature. Be warned if you are shopping for a blog host or blog software, TypePad seems to have major problems every few months and it takes them a LONG time to fix these problems.
Are causing images not to display… hopefully they will get this fixed by tomorrow. Lot of problems with TypePad. If you’re thinking about starting a blog I’d shop around.
And so — maybe — are the Cubes (NASDAQ: QQQQ). A day after logging a distribution day / shakeout the Cubes rallied 1.9% on a 30% jump in volume. This was this highest volume up day since November 3 last year (see pink marks on chart where I highlighted). The November action lead to the rally that took us to the current base in which the Cubes have yet to close decisively, or even indecisively, above resistance around $42. In fact, today’s candle has an upper shadow above $42, showing the intraday rally failed/paused late in the day. It should be noted, however, that the NASDAQ Composite Index hit a 5-year high and crossed resistance around 2,330.
Where do we go from here? We’ll have to see. A rally from April into May would not be surprising given seasonal tendencies, although a rally failure could also materialize at any time. For any rally to develop the Cubes will have to follow through on yesterday’s action with another big up day at some point in the next week. Without that, I’d look for another failure. Cheers!
“The single word most frequently associated with George W. Bush today is ‘incompetent,’ and close behind are two other increasingly mentioned descriptors: ‘idiot’ and ‘liar.’ ” So says the Pew Research Center for the People and the Press, whose most recent poll found that only 33 percent of the public approves of the job President Bush is doing.
Should be back online next week. Cheers!
Should be back online next week. Cheers!
Saturday, March 18, 2006. The 3-year anniversary of Bush’s illegal Iraq war built on lies, poor judgment, narrow mindedness, and arrogance. These pictures are from the front pages of papers from around the USA: Chicago, New York City, San Francisco, Washington, DC, LA, and more. Just to let the rest of the world know that there are millions and millions of us Americans who are against Bush and his war and pro truth and fairness for ALL. Bush will go and peace will prevail if we try. Click pictures for larger views.
Click on pics for better view. This first one is from la.indymedia.org, which has lots of great pictures up of us Americans doing what we have to do at this time and that is work to improve a terrible situation or at least work towards getting the ringleader out of office before he causes more damage. Keep it up and thanks for the pic hangama, looking good.
Just a quick post to note the intraday reversal / bearish engulfing candle on increased and above average volume near. When the Cubes (NASDAQ: QQQQ) got up near the $42 resistance level they reversed to close below the prior days candle body and at/near the lows of both the current day and prior day. Meanwhile the Dow and other indexes hit highs and the dollar has been on a 5-day slide, taking it from 1.19 per Euro to 1.22 (see my recent FXE postings. Cheers.