7 replies to this topic

[denleo]

Low volume test of a 20-day moving average in a down trend.

Simple, isn't it?

Now, if you want to be confused, read sentiment surveys and forget your own opinion.

Denleo

[hiker]

two major tests in recent weeks of horizontal support/resistance held so far -

Ted's horizontals -

his newest site -

http://tic-tac-dough.com/

6 pages of his charts at his old site...4 years old I think

http://stockcharts.c...et?obj=ID445101

[HiFiGuy]

Low volume test of a 20-day moving average in a down trend.

Simple, isn't it?

Now, if you want to be confused, read sentiment surveys and forget your own opinion.

Denleo

Exactly..

[arbman]

I was also saying below, simple is always better, still a bit more to go... - kisa

[jjc]

Low volume test of a 20-day moving average in a down trend.

Simple, isn't it?

Now, if you want to be confused, read sentiment surveys and forget your own opinion.

Denleo

exactly. now if we drop like a rock the bear flag is confirmed/complete.

[denleo]

We will not drop like a rock before the FED. We have to go back and forth, test 20-day MA a few times, listen to the FED saying "it has never been better" and "we are monitoring everything closely", do a fake out on the upside, make certain advisors post 300 times, and then drop like a rock. Denleo

[jjc]

We will not drop like a rock before the FED. We have to go back and forth, test 20-day MA a few times, listen to the FED saying "it has never been better" and "we are monitoring everything closely", do a fake out on the upside, make certain advisors post 300 times, and then drop like a rock.

Denleo

It is unusual for a trend (ADX(14) > 30) to linger too long at that the 20.....

[jjc]

We will not drop like a rock before the FED. We have to go back and forth, test 20-day MA a few times, listen to the FED saying "it has never been better" and "we are monitoring everything closely", do a fake out on the upside, make certain advisors post 300 times, and then drop like a rock.

Denleo

It is unusual for a trend (ADX(14) > 30) to linger too long at that the 20.....

But entirely possible.... BTW glance at the daily yen and it's 20;