Are you noticing the trend on the MJX Index?......
Post# of 776
Posted On: 07/06/2014 12:37:17 AM
Are you noticing the trend on the MJX Index?............
If you haven't noticed I've been charting every stock on the MJX Index.......not in alphabetical order.......that's boring..........but I'm breaking down the MJX Index and I'm noticing some common trends and similarities on many of the charts..........I will explore this topic FURTHER over the weekend.........
Remember, 4.00 is the KEY level on the MJX Index.............it's not a coincidence that the MJX Index is mirroring many of the individual stocks on the Index........the Index is working correctly..........the MJX Index is hitting an important level.........it's the level between start a New up trend & breakout or pullback and continue to consolidate..........many of the individual stocks on the index are hitting the 20 DMA / Middle Bollinger Band..........this is the Up trend / down trend line........candles forming above the 20 day moving average = up trend & candles forming below the 20 DMA = down trend.........many of the stocks on the MJX Index are hitting the 20 DMA resistance level.........the entire sector is at a flex point.........a cross roads...........if the MJX Index turns 4.00 into support you will also see many of the stocks w/in the Index turn the 20 DMA into support..........the individual stocks and the entire Index are set up to start a NEW UP TREND...........
More analysis needs to be done.......still charting.......but this is one theme that popped out at me.........& it is one that cannot be overlooked............more analysis coming........if you were around in January or more importantly if you missed January or better yet if you missed Dec. 2013 then you should find this data very compelling............ ..
THE LAST THING YOU WANT TO DO IS MISS THE START OF THE NEXT GREAT MJ RUN..........is it happening now?.........it's too early to call at this time.........but one thing is certain, if you are not on the ball now it WILL BE TOO LATE IF THE SECTOR BREAKS OUT.................$$$
If you haven't noticed I've been charting every stock on the MJX Index.......not in alphabetical order.......that's boring..........but I'm breaking down the MJX Index and I'm noticing some common trends and similarities on many of the charts..........I will explore this topic FURTHER over the weekend.........
Remember, 4.00 is the KEY level on the MJX Index.............it's not a coincidence that the MJX Index is mirroring many of the individual stocks on the Index........the Index is working correctly..........the MJX Index is hitting an important level.........it's the level between start a New up trend & breakout or pullback and continue to consolidate..........many of the individual stocks on the index are hitting the 20 DMA / Middle Bollinger Band..........this is the Up trend / down trend line........candles forming above the 20 day moving average = up trend & candles forming below the 20 DMA = down trend.........many of the stocks on the MJX Index are hitting the 20 DMA resistance level.........the entire sector is at a flex point.........a cross roads...........if the MJX Index turns 4.00 into support you will also see many of the stocks w/in the Index turn the 20 DMA into support..........the individual stocks and the entire Index are set up to start a NEW UP TREND...........
More analysis needs to be done.......still charting.......but this is one theme that popped out at me.........& it is one that cannot be overlooked............more analysis coming........if you were around in January or more importantly if you missed January or better yet if you missed Dec. 2013 then you should find this data very compelling............ ..
THE LAST THING YOU WANT TO DO IS MISS THE START OF THE NEXT GREAT MJ RUN..........is it happening now?.........it's too early to call at this time.........but one thing is certain, if you are not on the ball now it WILL BE TOO LATE IF THE SECTOR BREAKS OUT.................$$$
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