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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (202049)3/1/2013 6:30:37 PM
From: da_cheif™3 Recommendations  Read Replies (1) of 209892
 
the red line mite not mean a thing to you but it means everything to the dow......and to most market observers .....simply put ....its the upper trendline of a very large expanding triangle.....and since expanding triangles are allways continuation patterns you will see it penetrated then tested from above then the epicenter of primary wave 3 up will commence.....the same thing happend in the 90s.....the upper trendline of a 10 year spando was penetrated and tested from above which launched the dow to the 2000 hi.....tripled in value
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