Why the markets will continue higher... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Why the markets will continue higher...

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chip McVickar who wrote (229)	12/23/1997 1:03:00 PM
From: GROUND ZERO™	Read Replies (1) of 745

Hi Chip, The further back in time you go, the less reliable the formation becomes, although a major wave has a more durable effect over time. Always look for the most recent large enough wave. The one I just used is the mid Nov. low and Dec. high bisected by the the early Nov. high made just at the beginning of Nov. You will see that line gives support to the Friday selloff. I'm always amazed at this great technique. I don't get it much more more complicated than this, it will confuse me. But, it works. Use only the three most recent pivots and you'll be safe. You should almost always get a great rally off that line. In this case, if it returns to that line within days, it will go lower. GZ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next