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.
Thanks Pebble I was just trying to play around with the 6 month and 3 month cycle concept.Its confused me though because I was in the bounce camp but that chart looks pretty bad,as does the square of 144 one I posted a little earlier
Have just found your blog and really impressed with your GANN charts like this one and one from May09 and Apr20. So do you think we will down to end of June like chart indicates?
Thanks tigerjim.Yesterdays move was very strong (volume,breadth and % move) so one has to assume it was important and the markets will rally from here.I am assuming it will be bear market rally .I had been looking for a little lower.The end of June is important to watch for some kind of reversal as it is a 50 % time retracement and a 3 month cycle from the high.It could even be a high.Hard to say at the moment.
That chart is a thing of beauty!
ReplyDeleteThanks Pebble I was just trying to play around with the 6 month and 3 month cycle concept.Its confused me though because I was in the bounce camp but that chart looks pretty bad,as does the square of 144 one I posted a little earlier
ReplyDeleteHave just found your blog and really impressed with your GANN charts like this one and one from May09 and Apr20. So do you think we will down to end of June like chart indicates?
ReplyDeleteThanks tigerjim.Yesterdays move was very strong (volume,breadth and % move) so one has to assume it was important and the markets will rally from here.I am assuming it will be bear market rally .I had been looking for a little lower.The end of June is important to watch for some kind of reversal as it is a 50 % time retracement and a 3 month cycle from the high.It could even be a high.Hard to say at the moment.
ReplyDelete