I'm not calling a bottom here, but don't you smell the reversal?

[SwiftTrader]

Looks like we're gonna get a nice rally for the next few days.
Nasdaq and SP breaking out of downtrend and I think I see a doublebottom on QQQ's chart.
Any comments are welcome.

 

[Publias]

Originally posted by SwiftTrader
Looks like we're gonna get a nice rally for the next few days.
Nasdaq and SP breaking out of downtrend and I think I see a doublebottom on QQQ's chart.
Any comments are welcome.

Could very well be Swift... Check back with me in 6mos and I will let you know for sure!

PEACE and goodtrading,
Publias

 

[Thug_Life]

Does it smell like a bottom?

 

[William]

Originally posted by SwiftTrader
I think I see a doublebottom

Double bottom can easily turn into cup and handle

 

[chasinfla]

I think it's better to <i>see</i> a bottom than to <i>smell</i> one.

 

[bouncer]

The last time I smelled a reversal like this I found myself under a stank-nasty bottom.

 

[Bono]

Could be .. but until then .. stick to the golden rule "Any rally is a clear signal of a new sell-off"
At least that was the case for the last couple of months ... Let's break the neckline first ...

 

[SilverBullet]

Who cares.