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, 27 May 2015
(chart form Ron Walker) 34 points down... a close below the 21 points up marker would be encouraging that this might be a wave 2 (or B)
2 things that is going against the B or 2nd wave view.
ReplyDelete- Impulsive UP
- No 3 wave pattern
Can't say it wont go lower, but odds say no to corrective move up.