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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

Monday 17 June 2013

Dow monthly angles


Bollinger bands


Posted by at

4 comments:

  1. Anonymous17 June 2013 at 18:06

    "True global miners 3X" IHS ~WEC~ http://scharts.co/10qMNDM

    ReplyDelete
  2. Joy Division17 June 2013 at 19:07

    Hi CR,

    For the bullish view I am seeing the SPX heading up for around the 1740 area. Favoured count is a very extended first wave for the move up from November 2012. There are very nice fibonacci merges around that 1740 area and if the count works out, due to wave 1 longer than wave 3, there is a maximum upper limit for the 5th wave to terminate at 1749.38. Seems to be heading up as three wave structures so a diagonal of some type and my guess is an expanding ending diagonal. As usual, timing is going to be the hardest thing to determine but the way it is forming there may very well be a major thrust upward this week to coincide with the outcomes of the FED meeting.

    So if it continues heading up this is what I am watching out for. Possible for the momentum to lessen and for this 3 wave structure that has formed so far to just be a contracting leading diagonal for the first wave of this final fifth wave.

    Hope the links work.


    http://s1299.photobucket.com/user/HydroEcol/media/SPX20130618031131_zps09e56432.png.html?sort=3&o=1#/user/HydroEcol/media/SPX20130618031131_zps09e56432.png.html?sort=3&o=1&_suid=137149082976805017579370053373


    http://s1299.photobucket.com/user/HydroEcol/media/SPX20130618030314_zps16a195e3.png.html?sort=3&o=0#/user/HydroEcol/media/SPX20130618030314_zps16a195e3.png.html?sort=3&o=0&_suid=1371490775631011386470689673844

    http://s1299.photobucket.com/user/HydroEcol/media/SPX20130618032955_zps6fe4c1c2.png.html?sort=3&o=2#/user/HydroEcol/media/SPX20130618032955_zps6fe4c1c2.png.html?sort=3&o=2&_suid=137149068375409099396563855309

    ReplyDelete
    Replies
    1. Chartrambler18 June 2013 at 11:15

      isnt the w3 in your last wave too short ? (1st chart)

      Delete
  3. Chartrambler18 June 2013 at 10:42

    Thanks JD I will post them

    ReplyDelete

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