Jump to content



Photo

May selloff might offer roadmap


  • Please log in to reply
No replies to this topic

#1 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,870 posts

Posted 03 March 2007 - 04:39 PM

Interesting pattern comparisons.
New highs followed by a trendline break.
Both took 5 days for sentiment to go from top to bottom.
Both had a rally on the 6th day.
Cyclists have a nest of lows later in March.


Posted Image

Notice the last green circle. In May It did NOT preceed a rally day and was 25 points above the spike low.

Edited by Rogerdodger, 03 March 2007 - 05:02 PM.