Funny you should ask, as I have been mulling over sending out these real time along with a few other gems to a private e-mail list, for a modest monthly fee. Its not entirely my idea, suggested a few days ago by a reader, but it makes a lot of sense for what is setting up to be a hell of a ride in 2010. Win-Win for all.
There are four rising-wedge formations since July-09 on the $INDU chart.
1. beginning of Sept. - resolved downward. 2. beginning of Oct. - resolved downward. 3. beginning of Nov. - resolved sideways. 4. currently, end of December (a wee one, since breakout of channel, but same form as others) - tbd.
Allan - thank you for your update this was great. On a side note what are your thoughts for the rest of the week?
ReplyDeleteMike
re: rest of the week
ReplyDeletesignificant geopolitical risk atop a low-trading overbought market, sticking with my signals basis the hourly and daily models.
read: low-volume overbought market
ReplyDeleteCan light volume make for a big selloff...I have always wondered that?
ReplyDeleteMike
Will you please post if these signals change before the close
ReplyDeleteFunny you should ask, as I have been mulling over sending out these real time along with a few other gems to a private e-mail list, for a modest monthly fee. Its not entirely my idea, suggested a few days ago by a reader, but it makes a lot of sense for what is setting up to be a hell of a ride in 2010. Win-Win for all.
ReplyDeleteWe'll see....
I think you can use twitter too for that
ReplyDelete.
ReplyDeleteAustralian Opera House formation
There are four rising-wedge formations since July-09 on the $INDU chart.
1. beginning of Sept. - resolved downward.
2. beginning of Oct. - resolved downward.
3. beginning of Nov. - resolved sideways.
4. currently, end of December (a wee one, since breakout of channel, but same form as others) - tbd.
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