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7,724.3 s&p/asx 200

Weekend Charting and Chat - 15 July 2014, page-43

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kates9999

15,334 Posts.

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18/08/14

22:08

Post #: 13835693
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Originally posted by TANOTFA ↑

Not too sure how long Maxi48's DJIA Pitchfork will be 'valid'(or have merit) for but here are my, some not so happy with, S/T Pitchforks for the DJIA that I am following... they show we closed at/near a confluence of tyne levels.

And, in addition to Maxi48's 'Dummy's' head and shoulders(red), I see another H&S(yellow) within that pattern where the 200% extn also 'picked' the last swing low. Both in hindsight and of no real use now, ALTHOUGH the //'s of the neckline of both those H&S patterns are proving useful in the very S/T for intermediate swing points. A bit like Maxi48's 1st down ABC 423.6% now(I have shown it in cyan and as a 323.6% extn of that range) ... interesting but in hindsight(for us) as well and really of no use to us now. Its the NEXT 'live' ABC that Maxi48 is tuned into that would be of interest to have ...i.e. before it has 'terminated'. Personally, I have not grasped picking the next 'correct' one but am working on it.

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Those charts look like a bear flag setting up good charts thx

XJO Value at posting: 5,587.1
1 Upvote

0 Great analysis

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