If you are waiting for some sort of top, I think you will be disappointed. When you see a stock exchange that can only go up if America substains it and that stock exchange is showing signs of an important bullish pattern after breaking an LT resistance and retesting it as a support, well....how can you expect America to mark a top ? American indexes are fooling many as usual.....two or three days' correction and most people who are scared of its unstoppable bullish behaviour, turn bearish as there's no tomorrow. Which is exactly what these speedy corrections are designed for. Maybe another two or three days' correction might be in progress, but the bull soon will put his horns out as usual. I will start to worry next February if signs of a major top appear
Milan in a powerfull inverse h&s on the daily.....no doubt America will substain it
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Posted 27 July 2021 - 04:48 PM
forever and only a V-E-N-E-T-K-E-N - langbard
#3
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Posted 27 July 2021 - 08:59 PM
Correction to the channel numerical growth rate:
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I want return OF my money more than return ON my money
Posted 27 July 2021 - 09:59 PM
Correction to the channel numerical growth rate:
Nice chart!
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Posted 27 July 2021 - 11:44 PM
the line in the sand acted as resistance guiding the index upwards for a whole year from more or less April 2013 to more or less August 2014 when it was broken up. Similar behaviour here....now ? A few months below it, then the final break up to mark an LT top ? Or maybe something different with an LT top in February ? In both cases I guess we will test the upper line of that growth channel before turning down
Edited by andr99, 27 July 2021 - 11:48 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
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Posted 28 July 2021 - 08:06 AM
Very nice chart! Glad it has numerous support lines always love how people adjust them to fit the index lol!!
#9
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Posted 28 July 2021 - 10:25 AM
That's a great chart too!!
