Newbie Trader's Lounge

Technical analysis and psychology tools and resources for the new swing and day traders with articles, forums, and trading journals.
Search Site: articles, downloads, forum

Advanced Search
Did you know ?
You need at least $25,000 minimum to day trade stock.

Main Menu
Login
Username:

Password:

Remember me
Anonymous

Lost Password?

Get more, see more. Register now!
Recommended reading

Technical Analysis Of Stock Trends

Trade Your Way To Financial Freedom

Trading In The Zone

Trading For A Living

Design, Testing, and Optimization of Trading Systems

Tradings Systems That Work: Building and Evaluating Effective Trading Systems

Technical Analysis of the Futures Markets: A Comprehensive Guide to Trading Methods and Applications

10/10/2006

General Motors (GM) breaking down from rising price channel, bearish

Filed under: - torero @ 1:07 pm

It’s been advancing rapidly past few months in a steep price channel. Now it’s last advance failed to reach the upper channel. Not only that, the big down day that broke the lower channel on heavy volume. Not bullish anymore, consolidation or breakdown most likely.

General Motors (GM) breaking down from rising price channel


Comments

RSS feed for comments on this post.

The URI to TrackBack this entry is: http://torero.vecino.com/modules/wordpress/index.php/archives/2006/10/10/general-motors-gm-breaking-down-from-rising-price-channel-bearish/trackback/

No comments yet.

Leave a Comment

Line and paragraph breaks automatic, website trumps email, HTML allowed: <a href="" title="" rel=""> <abbr title=""> <acronym title=""> <b> <code> <em> <i> <strike> <strong>


Please note: Comment moderation is currently enabled so there may be a delay between when you post your comment and when it shows up. Patience is a virtue; there’s no need to resubmit your comment.

11 queries. 0.077 sec.
Powered by WordPress Module based on WordPress ME & WordPress