Shack, wouldn't the high at 435 be the high of a double 3?
a-b-c at 431, and a-b at 435? I guess I should know the double 3 before delving into this.
I guess what you're indicating is that the structure appears corrective, and a new down should start once the 450-range is tested again. I think the 435 high could be the high, with the re-test at 429 today.
I do have puts on this index, but this flag has gone on a bit further than I expected. It already broke one triangle to the upside (the 435 top), which I considered a head-fake initially. However, the falling line of the triangle is acting as support now.
stockcharts.com[h,a]daclyyay[d20010921,20020529][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G |
