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.
Friday, 20 September 2013
I was playing around with numbers and was getting a lot of confluence around 1740-5,and if the rising wedge assumption is correct maybe it could play out like this ? Just a musing and something I will be watching
I dont necessarilly believe in it but got a price cluster around 1743 using 5 different methods so I want to keep it on the radar screen. I wont mention all of them but multiply the low by 2.618 and also add 666 to the 1075 low
Oh how I wish I could believe in that chart. I seen a few variations on it, all look enticing.
ReplyDeleteYet..the market has never seen a significant wave lower whilst QE has been ongoing.
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I wish...I will be wrong.
I dont necessarilly believe in it but got a price cluster around 1743 using 5 different methods so I want to keep it on the radar screen.
ReplyDeleteI wont mention all of them but multiply the low by 2.618 and also add 666 to the 1075 low