Magic No offense taken. Just a different view point. Never see any point in getting offended in a forum.
I see validity in this line having an effect on recent SP action. Following my last post you wrote "Falling Knifes chart of long term resistance is rubbish... has no baring on what is happening and should be ignored"
Id better close my ears on what I may hear with this next observation
A measured move is a possibility from here. Leg one complete and consolidation occurring atm. Will need a break with sig volume to push on but it is quite feasible.
Breaks occur as a general rule in the last 1/3 of the triangle So maybe over the next few weeks we will have a more defined direction.
OEX Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
