Tuesday, December 22, 2009
Broke out
Here's another chart of the nasdaq. I realized I could put it right in the body of the text, rather than do a link:
Sure enough, it broke out from the cup-and-handle base and went on a tear. The volume was missing a few days ago, apparently because it exceeded 2^31st power, i.e., a little over 2 billion. I think it's the result of using a variable somewhere declared as a signed 32-bit integer, which will overflow at a little over +/- 2 billion. The data vendor says they will investigate it asap, however it may be happening upstream of them.
New highs (based on available data) are marked in green. The blue price bar bouncing off the 50-day XMA is our famous Climax Low signal (how's that for a perfect buy signal???), and Some Climax High signals are indicated in red. Note that in a bull market, there will be numerous bouts of selling (Climax High signals) on the way up, but a resultant downturn could be very short-lived. Shorting stocks in a rising market is not recommended!
Sure enough, it broke out from the cup-and-handle base and went on a tear. The volume was missing a few days ago, apparently because it exceeded 2^31st power, i.e., a little over 2 billion. I think it's the result of using a variable somewhere declared as a signed 32-bit integer, which will overflow at a little over +/- 2 billion. The data vendor says they will investigate it asap, however it may be happening upstream of them.
New highs (based on available data) are marked in green. The blue price bar bouncing off the 50-day XMA is our famous Climax Low signal (how's that for a perfect buy signal???), and Some Climax High signals are indicated in red. Note that in a bull market, there will be numerous bouts of selling (Climax High signals) on the way up, but a resultant downturn could be very short-lived. Shorting stocks in a rising market is not recommended!
// posted by gigascanner @ 12:14 PM 
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