hi could you post more charts because i think your analysis is too basic
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- Thread starter capamunt
- Start date
hi could you post more charts because i think your analysis is too basic
Quote from capamunt:
Hi,
Probably the objective in a few months is the 10.000 points, and then a new correction.
Salut
The bottoms look similar to Victor's 2B pattern, chartists correct me if need be.
Seems to be forming a rectangle pattern on the recent moves. Should be interesting to see how it breaks out.
I don't think we'll see a run up to 10,000, not unless it blows past 9,500 which I think it'll have a hard time doing.
The move: I feel the move will come with obama's swearing in, if that. Just my personal opinion, no real catalyst. Unless the earnings/outlooks in the later end of the month end up being better than expected.
Hi codetroll,
Do you remember the sentence " sell in may and go away"?.
Probably the maximum will be around 10.000.
Often when the sequence is like the figure: the AC is 100 infront of AB 38,2, then the recovery is minimum point D, that is the 38,2% of the total movement.
Salut
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2250454>
Do you remember the sentence " sell in may and go away"?.
Probably the maximum will be around 10.000.
Often when the sequence is like the figure: the AC is 100 infront of AB 38,2, then the recovery is minimum point D, that is the 38,2% of the total movement.
Salut
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2250454>
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Quote from capamunt:
Hi codetroll,
Do you remember the sentence " sell in may and go away"?.
Probably the maximum will be around 10.000.
Often when the sequence is like the figure: the AC is 100 infront of AB 38,2, then the recovery is minimum point D, that is the 38,2% of the total movement.
Salut
Haha, yeah I haven't heard of that saying, but it makes sense, I'll have to file that one away for future use.
What are you using software wise to measure out the movements? I know that the 38% is the movement for D, but I mean the actual drawing tools for the chart.
-troll