7/24 Tuesday: Power of the Laser Beam This downtrend resistance started at it's peak on 7/25/2011. And this things is like a laser beam, $SLB hits it, it TANKS like clock work. You get hit, you gonna go DOWN! Let's zoom in. Today we cl...

Last Update: 4.17.13 3.16.13 - Bearish Divergence (weekly) chart updated 3.16.13 - *Bonus Chart* Weekly bear flag chart added 3.16.13 - Volume Must Confirmed the Trend (monthly) updated 4.17.13 - Monthly Bearish Divergence chart added [divider] ...

[divider] Weekly Bearish Divergence The problem we have on the Facebook is not fully confirmed with the price action as we are still holding above the rising support (blue dotted-line).  But the indicator has already formed bearish divergence on the we...

(From the book,  Japanese Candlestick Charting Techniques by Steve Nison pg.11-13) *We recommend this book to all technical traders out there.  Great book with indepth candle stick techniques. Fundamental analysis is not involved in psychological compo...