8th day of QQQ short term up-trend; BIIB re-takes green line; T2108 breaks 80%; Paul Farrell–a bull??


Not all green line break-outs succeed. I was stopped out of ARMH on Tuesday.   Meanwhile, BIIB broke above its green line again. IBD recently wrote about BIIB. Will it hold this time? (Click on chart to enlarge.)

Screen shot 2013-10-22 at 11.10.21 PM

T2108 broke 80% on Tuesday.   The market is becoming over-bought. Check out this weekly chart of T2108.

Screen shot 2013-10-22 at 11.15.56 PMI just noticed an article by perma-bear Paul Farrell talking about a huge roaring 20’s type of bull market. I thought it was an April Fools stunt because he has been writing hysterically about an economic and market collapse for some time.   Is this for real?   Could his conversion to the bull side be a major sign of a coming market top????   Or is this all just a journey into sarcasm with Paul predicting a 1929 style crash?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.