Tuesday, September 1, 2009

Two Renko Down Bricks Confirm the Complex $NASI Top is Complete


Renko confirms that the Complex $NASI top is complete and the new trend for the Nasdaq is down. In honor of the new trend, I am changing the blog's motif from Iceboating to Landyachting. The new downward trend was also confirmed by a Renko-associated MACD crossover. Of note...last week's 2nd up brick "disappeared" since the value of the ATR indicator is being used to determine the brick size.

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