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  • Dec
    22

    Update on COMPQ: Breakout!

    Filed under: Uncategorized;

    1222COMP

    The COMPQ has convincingly broken above the wedge we’ve been watching, with a followthrough day. This breaks the “grudging” resistance we’ve been talking about. We’ll guess that this pattern will act more like a triangle, than a wedge. Expect new resistance at 2324, based on a high back in September 08.  Get a free copy of the ETF-Letter at www.etfdiscipline.com, for why we’ve been watching this pattern.

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