friday frolics, page-16

Kpax, although I'm not a big follower of mchugh, his dates do seem generally on the money (mainly because of such a big readership I suspect).

My end of move indicator suggests the rally is done with and breaking the trend line and 38.2 fib line backs that up. Doesn't mean we can't test the underside of either though and then stuff about in consolidation. My end of move indicator does confirm entry points well (by rolling nicely just after the event) so you will notice the last high is suggested as a good point to short. Unfortunately the entry points lag a little so it's not useful for entry but the exit's also lag a little making sure I catch most of the move.