Sunday, February 28, 2016

charts: DIA & QQQ

Courtesy of ChaikinAnalytics.com
In the DIA chart above:
1-price is still below the Chaikin 200DMA
2-Price went from OS to OB while RS dropped in strength

Courtesy of ChaikinAnalytics.com
In the QQQ chart above:
1-price is still below the Chaikin 200DMA
2-RS turned negative.  As Marc Chaikin says when RS either goes positive or negative, the personality has changed.  When this happens, it is worth watching for further evidence of this change.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

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