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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (54960)8/2/2019 2:43:53 PM
From: Doug R   of 79230
 
And the MIMBO shows exactly when the band struck up a rousing rendition of , "Happy Days Are Here Again". The MIM peak is exactly at the mid-point between now and when the upper channel line began.
This is also the same point where another channel line intersects the current one. That intersecting channel line was broken through during the current 3mRSI pasting so there's a lot of significance to all the "stuff" on the chart as far as market dynamics on multiple time scales.

So the arrival of multiple lines intersecting in July 2019 which is exactly when a gravestone doji was put in...kinda says something.
The doji shows there was significant money all teed up for the blowoff...but they got it wrong because the adults peeked out of their offices and yelled, "NO RUNNING IN THE HALLWAYS!"
"...and Woody, PUT DOWN those scissors!"
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