I will not let all of the gossip about bad market breadth deter me from riding strong stocks. The dotted line represents the daily closes. This is a RWB up-trend. The blue dots are the daily low prices.
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Day 10 of $QQQ short term up-trend; My modified daily Guppy chart below warned to abandon or short NKE long before tonight’s post earnings swoon. A chart is worth………. Come to my MoneyShow online appearance on October 20.
A BWR (blue/white/red) down-trend is deadly. Red lines are shorter term averages and blue lines are longer term. We want RWB up-trends before going long. I will be making a virtual appearance at the the MoneyShow on October 20 and will reveal a remarkable new product. I hope you will attend.
Day 8 of QQQ short term up-trend but TSLA has entered a Stage 4 down-trend. Only 13 stocks reached ATH Tuesday with 43 new yearly US highs and 149 lows. T2108=18%. Strange market.
TSLA is now declining below its falling 30 week average= Stage 4! Note double top too.
