Saturday, 20 November 2010

antofagasta

This is a chart I drew up some months ago,using the natural Gann sequence 360,720,1080 etc and the time cycles derived from a major high and low,then just adding new boxes as the chart progresses.Trendlines are diagonals derived from the squares.....how can you say price is random ! Michael Jenkins discusses techniques similar to this in his books such as "The Geometry of Stockmarket profits"  The chart reinforces my view that miners may have seen a significant peak.Support should come in at 1260,1080 etc

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