LG, please put your future - looking glasses on and tell me
please
what is your feeling as to the guidance that we are likely to
get after July 7 when earnings season is on, from the
various companies:
ie what will be their guidance for the following 6 months or 12 months.
The average guidance that is.
I understand this outside charting in a way but I'll look
anyway for your educated guess or gut feeling
as the case may be,
thanx
( I'll be back later to read it ),
TA
Message #55457 from LG at Jun 27, 2000 12:35 PM ET
el and all: Intraday either a bearish wedge or bearish flag has formed on the INDU, NDX, COMP, COMPX, NYA, SPX, SP Emini and NAZ Emini charts. Each pattern originated either last Thursday or Friday. (15-min semi-log charts)
Note: Bearish formations usually break down, however chart formations are not 100% and are less reliable the shorter the term. I suggest it is worth the effort to locate them, plot them and keep an eye on the bounding trend lines for a break up or down...
EDIT: I expect a resolution of the formations today at the latest tomorrow.
Regards,
LG
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