Chart of the Day: COMPQX

September 21, 2011

NASDAQ (and the market) just tanked…

The slowdown indicated on the chart yesterday was a warning issued two days earlier.

Heikin-ashi does not look at candlestick patterns; in less than 10 seconds:

  • It looks at each bar one at a time,
  • Removes the noise, and
  • Reveals trends, consolidations, and reversals.

 

Chart of the day 09/21/2011 COMPQX

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