The relative performance has also broken its downtrend, line g, which completes the bottom formation (line h).
The RS line has completed its bottom formation by moving through resistance at line e.
The monthly relative performance analysis of KMP shows that it has formed higher highs and higher lows (line b) since it completed a bottom formation in 2008 (line a).
The relative performance completed its bottom formation (line d) in September, when resistance (line c) was overcome.
Though the monthly analysis is clearly positive for XHB the daily chart shows a potential topping formation, line d.
The upper boundary of the flag formation, line d, is at 2664 with the 61.8% Fibonacci retracement resistance at 2678.
The flag formation (line a and b) was not complete until prices reached the apex of the flag-but the rally was still quite dramatic.
The daily chart of the Powershares DB US Dollar Index Bullish Fund ( UUP) shows the breakout from a short-term double-bottom formation (line b).
The daily chart of Apple Inc. ( AAPL) shows a potential bottom formation, line a, as prices have been flat over the past few days.
The drop through support at line d completed the flag formation.
"Man, I'd probably want to call a timeout, " said linebacker Josh Mauga, who exhaled deeply after being asked to imagine having to line up against such a formation.
We need to get supply and demand back in line, with enough household formation and growth and reasonable access to capital at the homeowner level to really address the situation we are in.
The break in price support (line a) completed the flag formation in February.
Chart Analysis : The daily chart of the Spyder Trust ( SPY) shows that it gapped below support on Thursday, line b, completing the flag formation.
The PowerShares QQQ Trust ( QQQ), which tracks the Nasdaq 100 Index, exceeded the upper resistance from the flag formation on Tuesday (line a), but then closed lower, which is a short-term negative.
On the breakout through resistance at line E, which completed the flag formation, volume was heavy (see point 4).
The rally in July and August took the RS line above its WMA, but the formation was not consistent with a major low.
The daily relative performance appears to be bottoming out and a move above the downtrend, line c, will complete the bottoming formation.
The volume has picked up over the past few days, although the OBV needs to move back above the resistance (line d) to complete a bottom formation.
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The iShares Russell 2000 Index Fund ( IWM) still shows a potential head-and-shoulders top formation as the neckline (line e) has been tested over the past two days.
The daily OBV has broken out of a bottom formation, having overcome resistance at line f.
The relative performance completed its bottom formation in October as resistance at line d was overcome.
The relative performance has just broken its downtrend, line b, and shows a very positive formation.
This formed the second point of resistance (line C), which completed the flag formation (lines C and D).
The daily chart shows a completed head-and-shoulders top formation, as the neckline (line a) was broken in July.
The daily on-balance volume (OBV) confirmed the completion of the triangle formation, having overcome resistance at line d and still acting strong.
By the middle of January 2003, the lower support line could also be drawn (line F), which creates a flag formation (highlighted in red).
Anelka, back to lead the line in a 4-3-3 formation after a hamstring injury, kick-started matters, collecting Ballack's sublime through ball, rounding the keeper and slotting in, before Malouda ran unchallenged from the middle of the park to slot into the corner from 18 yards.
The relative performance broke its downtrend, line f, last June and completed its bottom formation in September.
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