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.
Noted Seattle technician who employs the methodology of the late George Lindsay, Ed Carlson says that the highs of 2/18/11, 5/2/11, and 7/7/11 do not constitute a "3 Peaks of a Domed House" formation - - - not in the sense of a bull market top. Those 3 peaks are HIGHS in a sideways movement. (see page 181 of the Lyndsay text).
Noted Seattle technician who employs the methodology of the late George Lindsay, Ed Carlson says that the highs of 2/18/11, 5/2/11, and 7/7/11 do not constitute a "3 Peaks of a Domed House" formation - - - not in the sense of a bull market top. Those 3 peaks are HIGHS in a sideways movement. (see page 181 of the Lyndsay text).
ReplyDeleteDougie Kass is wrong.