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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

Saturday, 23 June 2012

Dax 2 day swing chart

The 3rd test of the neckline was met by a double close key reversal (basically an engulfing candle that closed below the 2 previous closes).This is one of Jeff Kennedy's favorite reversal day patterns The 2 day swing chart  was Gann's favorite mechanical trend indicator


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2 comments:

  1. zim24 June 2012 at 08:17

    It's not exactly your red dashed trendlines, but those red badboys are what got me drawing this:
    http://rationalinsolvency.com/2012/06/dax062412apf0.png

    Thanks for all your great charts CR!

    ReplyDelete
  2. Chartrambler24 June 2012 at 13:34

    Very nice Zim ! Thanks and you are most welcome

    ReplyDelete

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