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Channel decision


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#1 AChartist

AChartist

    Tim

  • Traders-Talk User
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Posted 22 October 2008 - 09:41 PM

This isnt much help in real life, it depends this the channel centerline with tomorrow's close.
If closing down it should be taking the low road to Oct 29. There is a 198 day cycle low
at Oct 30.

I noted that all indices have adv dec line confirming the lower close.
On 30 and 60 min, spx closed just on the underside of the triangle line.

Can't underestimate the bias of the relentless liquidation. They let me out
of JNPR at the close today, nice of them.

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