Thanks
@h00tsHis delivery is definitely anchorish for my taste, but I think he made a good call on the DOW.
The extent of my charting is limited to having an eye for patterns and then I have to google to see what it might mean.
The fortnight long almost perfectly symmetrical rounding top I saw emerging this week worried me and kept me pinning -ve all week. Friday evening I found myself wondering if that rounding top was the right shoulder of an ascending head & shoulder pattern forming since about mid April.
Both patterns are supposedly bearish, hence I pinned what I thought was big -ve for my Friday night pin … I felt kind of chuffed when I saw the DOW drop 400 in the first 5 mins and thought I was in with a chance.
For me, charts have been somewhat helpful when pinning at times predicting either a trend change or when closing out a forming pattern … when the DOW is in a long term trend I don’t seem to get much help with daily fluctuations from charting.
DJPIN pin picks, once posted, seem like playing misere in 500, with a chatty style making my pins more like open misere lol.
Is there any accessible online reference like “charting for dummies” you could point me to?
Cheers
Dex
you'll be the pinner we all chase for advice.
