20110826 Entry

COMPQX 

DAILY CHART: 
MACD, positive, 
Moving Average 13, positive,
Price Pattern, Double Bottom, positive

Weekly Chart: 
MACD, negative,
Moving Average 13, Negative
Price Pattern, not yet.

Monthly Chart:
MACD: Negative
Moving Average 13, Negative.
Price Pattern, not yet.

Today, Ben Bernanke's talk leaves the door open for QE3 or something like that.  That is probably the last piece of news that market needs to move the higher in the short run.


20110829 hold
Daily Chart
MACD is still positive

Weekly Chart
MACD starts to turn positive.

Monthly Chart
MACD is still negative.

Support and resistance is the eariest indicator of reversal of a trend.


20110830 exit
Daily Chart
MACD is still positive

Weekly Chart
MACD is still positive

This sell is a bit early. However, it is better to play safe than regret later, given the emotional stress displayed by the market recently.