October 12, 2018
Think Think Got More Things
A 800-point drop of the Dow Jones Industrial Average on October 10 2018 may be a blip, or could a near 5% decline over five days in the S&P 500. These are also possibly leading indicators of the end of a historic bull market, in stock-market indexes continue upward quarter after quarter.
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Moses Stock Stories
^BKX US NASDAQ Bank Index Charting
Study NASDAQ Bnak index, see price action picture worth a thousand words. Price action keeps form lower high since the start of 2018. Now the price action is now lower than last October high, in other words all work are wasted. The index now returns to a year ago. Market seems to be weak in confident, can the market still hold up for the bull market. Market expect the bull trend should continue to 2019 or longer. Will see.
Trade with your eyes open.
Manage Your Risk!
October 11, 2018 NASDAQ Bank Index Buy Hold Strategy
If you can see the whole chart, “press Ctrl and -” to zoom out to see the entire chart.
If you are H M Gartley’s fan, you will be easily spotted many ABCD pattern. See chart.
October 11, 2018 NASDAQ Bank Index and H M Gartley
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.