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
Wednesday, 10 October 2012
Dax
The 2 Gann resistance levels are working fine,we have a small triple top and have fallen out of the channel, 7200 may be sticky as it is twice 3600 and the low was 3590
One of the few previous high low necklines still holding (even though it did technically close just a smidge below).
We're getting lots of breakdowns. This one is rather dramatic: http://stockcharts.com/h-sc/ui?s=$DDX&p=D&b=5&g=0&id=p63263919334 That's one big island!
Time to begin counting, classifying, and monitoring all the breakdowns.
One of the few previous high low necklines still holding (even though it did technically close just a smidge below).
ReplyDeleteWe're getting lots of breakdowns. This one is rather dramatic: http://stockcharts.com/h-sc/ui?s=$DDX&p=D&b=5&g=0&id=p63263919334 That's one big island!
Time to begin counting, classifying, and monitoring all the breakdowns.