Tag Archives: flat channel

Silver Prices in Sideways Motion in Search of Direction

Posted on March 22, 2013 by Michael Harris

Silver has been trading in a tight range for the past 22 days. Price action during this period has been confined in a flat channel with a height equal to 4.1% of the last closing price. Such pattern has not occurred in SLV … Continue reading →

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Several Months of Sideways Volatile Action is What May Lie Ahead

Posted on February 21, 2013 by Michael Harris

The market has been moving sideways for the past few weeks. Action in DIA has been confined inside a 1.5% flat channel for the past 17 days, something that has never occurred before. Confinment inside a 2% channel has occured twice in 2005 and … Continue reading →

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NASDAQ-100 and QQQ Finally Break Out of a 26-Day Long Flat Channel

Posted on February 10, 2013 by Michael Harris

Last Thursday I wrote that NASDAQ-100 and QQQ were about to break out of a 25-day long flat channel and I assigned subjective probabilities of 65% and 35% for an up and a down break, respectively. Next day the index and its … Continue reading →

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QQQ in a Flat Channel For 23 Days

Posted on February 5, 2013 by Michael Harris

This popular ETF is trapped in a flat channel between a high of $67.79 and a low of $66.17 for the last 23 days. The high is 2.45% away from the low. This has never occurred in the past and in my opinion it means … Continue reading →

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