Monday, March 5, 2012

COMP in Uptrend. But Watch Out if Below 2 940!


We have had several buy signals in the NASDAQ Composite Index, COMP, in recent months. Now COMP have given several warning signs that the uptrend weakens. We have a negative divergence in the stochastic indicator, and a sell signal in the MACD. If COMP closes below 2940, we get a sell signal that I will take very seriously.

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