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Thursday 5 June 2014
Never ever declining market
I was away from home for 3 days and I can see bulls were very busy while I'm gone. Best ones are the Dow bulls who managed to break up the massive resistance at the 6th hit. Consolidations, corrections, declines are things of the past. Are they?
Hello Bouraq, thanks so much for updating chart, I just came across your blog and found it more interesting. I would like to ask you question on how you did draw the lower trend line that touches one pivot. It seems you are using angle or copy the upper trend line? I need to perfect it
You got it right. All the green lines are parallel to the uppermost trend line. Of course I draw a lot of lines to find a good internal structure as well. When I find the best looking upper lower and internal structures I take it as a guide just like the green one.
if tony caldaro is correct and dow leads then s&p should break up as well, crazy times
ReplyDeleteCrazy indeed.
ReplyDeleteHello Bouraq, thanks so much for updating chart, I just came across your blog and found it more interesting. I would like to ask you question on how you did draw the lower trend line that touches one pivot. It seems you are using angle or copy the upper trend line? I need to perfect it
ReplyDeleteYou got it right. All the green lines are parallel to the uppermost trend line. Of course I draw a lot of lines to find a good internal structure as well. When I find the best looking upper lower and internal structures I take it as a guide just like the green one.
ReplyDelete