Meet Big Momma. Her timing is lousy, but her directional forecasting ability is incredible. I do not know how she does it. Baffles me how these things work. Maybe she was Leonardo Davinci's momma.
Thanks Ivan. I always get more out of pictures. Less talk and opinion. I am just passing the time. Hopefully others will post their charts. I like the thread that ZZZzzzzzzzz has going where he post all his stock charts.
This one amazes me. The red down trendlines are a simple fibo fan stretched from the EURUSD high to most recent lows back a few months ago. The green uptrends stretched from all time low to all time high. Notice how the fibo line stopped the action today, on the housing number at that. It is a 78% line and until we really get above here, it is my feeling that we are headed down.
Really amazing when you think about it. Maybe I should start trading based on charts.
This chart requires intense thought under a blacklight. I guess it could go either way, but my call is up. If you think about this, the reversal will come when the months hit the 100% line or soon thereafter. So we may only hit 200 or so before then.
Be sure and study this one because every one and there brother think the YEN is going to appreciate against the lowly USD. Are you in that same camp? Not me.