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.
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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
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Neither yet as it is above the rising angle but below the falling one.It is still technically in an uptrend till the rising line breaks.Breaking below 4 week lows is negative though and next week should reveal whether we just had a 1 week counter-trend and are headed down or not.If you are just trading off the Gann angles you could use a break of the rising line as a sell signal and the declining line would be your stop
Interesting chart.
ReplyDeleteDoes it say BUY or SELL???
Neither yet as it is above the rising angle but below the falling one.It is still technically in an uptrend till the rising line breaks.Breaking below 4 week lows is negative though and next week should reveal whether we just had a 1 week counter-trend and are headed down or not.If you are just trading off the Gann angles you could use a break of the rising line as a sell signal and the declining line would be your stop
ReplyDeletebreaking or holding last year's high is also something to watch out for..
ReplyDelete