Thursday, September 10, 2009
AGQ: Lessons From Kagi
AGQ is trending up. Lessons can be learned from prior run-ups. The blue arrows are pointing at higher highs (good). At the end of the May - June 2009 (2nd) run-up, Kagi flashed successive sell signals: 1. A lower high (red arrow), 2. A change from the thick black yang line to a thin red yin line (dark purple arrow) and a cross below price support (top dashed green line), 3. A drop in the yin line below 50% of the height of the prior long line (pink arrow), and 4. a drop below the ascending tan support line (orange arrow).
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