Make your bets: Double bottom in MSFT, AAPL and QQQ


MSFT double bottom:

Image

AAPL Double bottom:

Image

QQQ (Nasdaq ETF) Double bottom:

Nasdaq

Double bottom pattern is bullish. AAPL and QQQ need to get up off the bottom to start developing the bullish pattern. Next stop is the horizontal line above. MSFT already started its way up but needs to break 27.65.

Additional Fiscal Cliff delay could break these patterns, needs to be solved quite soon otherwise market will overreact.

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