"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, August 21, 2012

Bearish Engulfing Candle on the Q's

Last week it was on the HUI and NFTRH advised it would have short term implications only.  Check.

This week it shows up on the Cube.  My bet is that QQQ declines only enough to fill the first gap then makes new highs.  But that's just my guess here in a rising risk broad market atmosphere in which I have little skin in the game (outside the precious metals).














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