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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


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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

Tuesday, 4 December 2012

Dow

DT and 3rd LH, ma convergence.....fast move setup


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5 comments:

  1. Anonymous4 December 2012 at 21:04

    I agree. It's a "fast move setup" either way. I think the odds are in favor of it being down. Here's another perspective using the NDX.

    http://mediacdn.disqus.com/uploads/mediaembed/images/394/7644/original.jpg

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  2. Chartrambler4 December 2012 at 21:08

    Nice !

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  3. Albertarocks5 December 2012 at 04:18

    I get the same result inverting the S&P. Does this look bullish? Yes, in my view it does. Which means the S&P doesn't.
    SPX Daily - Inverted

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  4. PB5 December 2012 at 06:01

    This is staggeringly brilliant: perhaps an epic set-up

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  5. Chartrambler5 December 2012 at 12:38

    Thks its actually a very simple setup....acceleration off 3rd lower high or higher low but one of my faves and stopout point is close

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