This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Weekly Williams has not bottomed. Price continues to be bearish below that 2036 area.http://scharts.co/163d52m5 EMA continues to provide resistance entry points below the 51 EMA.http://scharts.co/1BdtSfrIMHO. I do have a bullish cycle low potential week of Feb 5 (just a potential), so am watching some indicators but trend is not up yet, so no need for me to front run.Hope all is well.
Under bearish analogs we should get 7-8 weeks of sell before first multi week 3-5) bounce. That puts us closer to Mid-Feb.I will stop trend trading off that analog above 2035, and play it below. FWIW-SJ