3 replies to this topic

[EagleTrader]

Look at the false breakdown in October and the first touch of the upward sloping outer boundary of the pitchfork. Now compare it to now in reverse...

If it breaks back below 1178

As far as the brick colour line is concerned, I am not sure why I had missed it altogether earlier.. Really stupid...

Edited by EagleTrader, 22 May 2005 - 03:29 AM.

[Chart Guru Doug]

When I draw my pitchfork the last two days are closing above the upper median line.

[EagleTrader]

When I draw my pitchfork the last two days are closing above the upper median line.

<{POST_SNAPBACK}>

Hmm. Wonder why.. I'm using the high of Dec 30 as the starting point (Dec 31 & Jan 3 both had higher intra-day highs, but closed lower - I hope I got these dates right).. Also it is a log chart...

Also Oct low was a 61.8% retracement from Aug lows, 61.8% retracement from March 7 highs comes in at 1194ish.. similarities are eerie, but no juice as long as 1178 holds a pull back. TWT...

Edited by EagleTrader, 22 May 2005 - 09:01 AM.

[Chart Guru Doug]

I'm using the high of Dec 30 as the starting point

Oh, thats why, I was using 1/03