ARTICLE SYNOPSIS...Most stocks or commodities cannot maintain a sharp rise or fall for an extended period of time. Sharp moves in any direction are often followed by a consolidation pattern, with an eventual breakout or breakdown in the same direction. The Barr Labs chart
ARTICLE SYNOPSIS...Financial stocks are generally the first casualty of rising interest rates. Citigroup's (C) chart has broken down from a broadening top and is likely to see lower levels in the days to come.
ARTICLE SYNOPSIS...The Nasdaq composite broke down from a bearish head and shoulders pattern on both the daily and weekly pattern. It has returned from the upper end of its weekly range to continue trading in a consolidation range.