Tuesday, October 4, 2011

Higher High - Higher Low pattern in CNX IT

CNX IT Index is making a pattern of Higher Highs - Higher Lows. This pattern is an indication of relative strength in the index, compared to the broad market.




1 comment:

nirtos said...

Dear Sir,
Is it not a bear flag . It reversed from the gap resistance at 38.2% of previous down move from 6835 to 5011.
So I was thinking of trading it short side.