After Shack posted his dates last night, I went fooling around with charts... having chart lust, and all...
This is Shacks original post:
Message 18398929
Velo had also mentioned relationships he had seen post 911 rally with our potentially smaller version of the same "fractal" pattern. As a radical chartist I can make no claim for accuracy on anything - but as an artist I can spot likeness. And these two patterns are alike. They are also related through my radical chartist trend lines, which I realize look like spider webs... but have become very predictive. Look at the patterns of the two "tops". Thoughts?
NYSE (NYA): stockcharts.com[r,a]dhcaynay[de][pb50!b200][iub14!li14,3!lo14][j9224608,y]&listNum=2
INDU WITH 3D SPIRAL TRENDLINES. (Space curves! Read "The Psychology of Technical Analysis" by Plummer, McGraw-Hill... I need to talk to people who have read this book!)
stockcharts.com[r,a]dhcaynay[de][pb50!b200][iub14][J9189492,Y]&pref=G
I do not think we do more on this run-up than travel inside the wedge between the two larger trendlines. I also see 7840-ish as the lowest for any drop (based likely fib stopping point for the right shoulder at 8640, granted unknowable yet, finishing the 5th wave, and the neckline low of 8332: Difference being 308 x 2.618 = 806. 8640 - 806 = 7834)
But, that is just me....
What do you think?
Shack?
illyia
(P.S. Then a rally of really interesting proportions?) |
