Stock Market Double Top Test Broke to the Upside
Stock-Markets / Stock Markets 2015 Feb 26, 2015 - 12:51 PM GMTBy: Marty_Chenard
Last Wednesday, we reported on the Double Top test going on with the NYA Index.
What has happened since last week?
The NYA closed 0.28 above its resistance on Friday, It pulled back on Monday, and then closed above its Double Top resistance yesterday.
Inflowing Liquidity was still in Expansion during the past few weeks, so that has been the catalyst.
By Marty Chenard
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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