Yes, MC, that is what I am hoping for as well. I bought muchos May DJX puts at the top of the small C and LOVE the potential downside. But Mr. Market is tricky and that lower channel line is a big psychological hurdle, so I expect a bounce. I also have learned to not argue with pivot lines, and that one is holding very well into this move. But I love M3's chart, and hope it's true while watching for the B wave triangle possibilies (with C down for an ending diagonal) all the same.
Of course, that would make this an ABC correction and then up.
Just a thought, feedback appreciated.
Am I missing something here?
i
edit: I should also point out the USD and XAU are sporting funky triangles of their own... that indicate unusual moves, or trend changes of some sort.
stockcharts.com[e,a]dhclynay[d19980128,20051231][pb50!b200][iub14!la12,26,9!li14,3!lo14][J8908630,Y]&pref=G
Don't know why XAU triangle is off a bit... that is also unusual:
stockcharts.com[e,a]dhclynay[df][pb50!b200!f][iub14!la12,26,9!li14,3!lo14!ll14][J9665325,Y]&pref=G
This one might do better:
stockcharts.com[r,a]whclyyay[d19900101,20051231][p][vc60][iub14!ua12,26,9!li14,3!ll14][J20271512,Y]&pref=G
Portends something.
i. |
