here is how KISS analysis could have dealt with the decline from 2007
Saturday, 23 April 2011
Dow - simple trendlines,20 dema
sometimes its good to get back to basics - a moving average,simple trendlines,higher lows (or lower highs) and breaks of old tops (or bottoms) ! We still have higher lows,a rising trendline,a rising 20 dema and a break of the double top so everything points up.However the convergence of 4 trendlines to a single point is warning of the trend maturing so we need to watch the most recent trendline and be on guard should the break above the 2 tops fail
Top chart is real neat. Interesting trend line convergence at end of June. From Tony Caldaro's site: we’re expecting this uptrend to end in June between SPX 1440 and 1462." From PUG's site: "Ultimately the major [5]-P3 target is the IHS target of 1429 by mid-June." Looks like the end of June could be real interesting.
ReplyDeleteHi Jordan yes - end June
ReplyDeletecould also be a 1 year Gann low to high cycle although I am not convinced the market will keep rallying till then