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.
His lower channel line is part of the operative post 1929 rising channel (that many have noted - I pointed it out in my first Situational Awareness video from Oct. 2011 found here: http://highrevsopenhouse.blogspot.com/p/mtf-ta.html ) His target is my IT target as well since I think the post 2009 trend line will break scaring many a trader, but the channel will hold . . . for now. To summarize: that channel is key IMO. From a timing standpoint, my cyclical works suggests the same as well. We'll see.
Hi HR,many thanks for link. Yes its a tricky period what with thin markets pre christmas,pre fiscal cliff,bullish seasonality etc Am finding the Dax the most interesting at the moment.5 year cyle from high on dec 27....hmmm
His lower channel line is part of the operative post 1929 rising channel (that many have noted - I pointed it out in my first Situational Awareness video from Oct. 2011 found here: http://highrevsopenhouse.blogspot.com/p/mtf-ta.html ) His target is my IT target as well since I think the post 2009 trend line will break scaring many a trader, but the channel will hold . . . for now. To summarize: that channel is key IMO. From a timing standpoint, my cyclical works suggests the same as well. We'll see.
ReplyDeleteHi HR,many thanks for link. Yes its a tricky period what with thin markets pre christmas,pre fiscal cliff,bullish seasonality etc Am finding the Dax the most interesting at the moment.5 year cyle from high on dec 27....hmmm
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