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.
Tuesday, 29 November 2011
Dow
I am thinking we test the neckline soon then bounce.34 wma should contain any rally,neckline breaks early in the New Year....still the market doesnt always do what I think...lol
pullback ? I think market went down. bounce ? Doesn't a bounce go up ? On one chart the neckline slopes down from left to right. On another chart there are two red lines, both sloping up. Which one is the neckline? I'm would ask for some consistency in language usage. Rejected at resistance as an index kissed back to what used to be support. I though that is what the gray chart depicts. This blue chart ? No idea, but thanks anyway for all good finds. Usually it's not so confusing,
sorry...in above chart "neckline" means the lower t/l.I anticipate move down toward this neckline,then bounce ,then decline that breaks neckline,but as i say market doesnt always oblige !
pullback ? I think market went down.
ReplyDeletebounce ? Doesn't a bounce go up ?
On one chart the neckline slopes down from left to right. On another chart there are two red lines, both sloping up. Which one is the neckline?
I'm would ask for some consistency in language usage. Rejected at resistance as an index kissed back to what used to be support. I though that is what the gray chart depicts. This blue chart ? No idea, but thanks anyway for all good finds. Usually it's not so confusing,
sorry...in above chart "neckline" means the lower t/l.I anticipate move down toward this neckline,then bounce ,then decline that breaks neckline,but as i say market doesnt always oblige !
ReplyDeletein the FTSE chart we went down and then had a pullback to "kiss" the neckline which I am anticipating as resistance
ReplyDelete