The Cubes (NASDAQ: QQQQ): 9:23 AM NYC time, July 22nd: Just a quick follow up on Tuesday’s post, noting the hammer candlestick (point 1 on the chart). In that posting, we pointed out that the hammer had to be confirmed by a higher open the following day, and then a higher close. That didn’t happen. Instead…
…we got a lower open and a much higher close (point 2 on the chart), followed by an engulfing candle (point three on the chart) and then a gap down to close just about at the lows for the week (point 4 on the chart). Cheers!
Like my blog? Want to get automatic email updates at a frequency YOU chose? Enter your email address at the top right of my blog and click “Subscribe.” The service is managed by Squeet.com and is private, SPAM-free and doesn’t cost a penny, so signup now! You can cancel at anytime by clicking the unsubscribe link in each email.
Already receiving my blog via email? Don’t forget to click the “Promote This Story” link on posts you like (links are in the emails you receive).