monday trading, page-37

heres a chart i did ages ago
which i now have added to in green...

theres has been a suggestion thru
some circles that the chart pattern
today is not dissimlar to what happened
historically thru this period...

the fact we have had a tripple bottom
as opposed to inv h & S pattern can
dictate how impulsive patterns
form and where the 'pivot point' might
be...

whats interesting is i suggested a low
in oct to line up historically, but
in actuality it occurred in nov, which
shows alternation in cycles as exact highs
and lows arnt always going to reoccur exactly
the same foever in a day...

also some form of decent alternation can be seen
and coupled with a short first leg, generally
the fifth leg is the longest, and its worth
noting the first corrective leg is a consolidating
pattern in comparison to a retracement pattern today,
(not all impulsive patterns are going to repeat exactly)...