The other day I mentioned how bullish both GEOI and ABLE looked. Well things change quickly. Both of them appear to be topping, at least for the short term. GEOI made a bearish engulfing pattern yesterday and also gave a stochastic sell signal:

Tags: Able-Energy-Inc.-(ABLE), Bearish_Candlesticks, Bearish_Engulfing, GeoResources-Inc.-(GEOI), Technical Analysis

I noticed yesterday that the NDX/QQQ was a bit weaker than the NASDAQ as a whole. CNBC just did a piece on the bearish engulfing pattern made by the NDX yesterday. They did this while showing a line chart, instead of a candlestick chart (WTH?). So I thought I’d post the candle [...]