heres the retrace chart again.....read backwards!!
note the 1465 to 1748 zone....and the 1748-1194 zone
and the 1017...
stockcharts.com[h,a]daclyiay[d19941017,19981017][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
heres this years chart....
note the same gappage in may like we just had....note the 1560 to 1759....that was the miss...that 1560 was retrace 1465....
note the 1759-1192 big zone...near perfect....
now...was that 1108 the 1017 retrace...i don't know....
stockcharts.com[h,a]daclyiay[d20020401,20021017][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
but i do know...both bottom misses of near 100pts where very similar in gap and ramp b.s in both may and now october....
does it mean anything....don't know yet....
but look what happened after the may 1759 top....
what will happen when we set the october top.....that remains to be seen....
all those trying to daytrade the retrace...good luck...it doesn't work....
all those thinking the retrace is dead....nope... |
