these are the kicker imho. the weekly macd on the major indices has plenty of room
to go lower. the weekly macd on the hui has plenty of room to go higher. i use ewave
along with the technicals . i think we are going to abount 11000 in the dow in this next
wave down fwiw but well just have to see. however the hui is about to embark on a mjaor
rally in the area of 350 points, basically a double
the weekly macd's
Started by
gannman
, Aug 21 2007 03:10 AM
1 reply to this topic
#1
gannman
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- Traders-Talk User
- 6,948 posts
Member
Posted 21 August 2007 - 03:10 AM
feeling mellow with the yellow metal
#2
uncleharley
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- Traders-Talk User
- 648 posts
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Posted 21 August 2007 - 06:40 AM
these are the kicker imho. the weekly macd on the major indices has plenty of room
to go lower. the weekly macd on the hui has plenty of room to go higher. i use ewave
along with the technicals . i think we are going to abount 11000 in the dow in this next
wave down fwiw but well just have to see. however the hui is about to embark on a mjaor
rally in the area of 350 points, basically a double
The H&S pattern on the weekly DJI chart seems to confirm your call. First real support comes in at about 11000 so if you get hung for your call, I'll hang with you. The weekly chart looks like the decline has already begun.
