David:
I see the flag. I think the flag and the triangle would get the same approximate projections. At any rate, they both used the same resistance line. Now, turn the DJI chart upside down (I am using a closing price chart for this) and you see a beast of a reverse complex head and shoulders pattern beginning with the August 6, 1997 high.. This too could get us up to the same projections as the triangle and flag. I am hesitant to chart indices though. However, with all the bullish patterns in many of the major indices, they cannot be ignored.
Now for the OSX, I am waiting for it to define a pattern. For now, it looks like it is trying to consolidate based on the strength in oil prices as you say. If so, I will miss beating-up on CDG. If a good pattern emerges, and everything else appears right, I may have to cuddle up to it. Arrrghh.
About the ARMs, it has not missed a significant turn since I have been using it. The trick is understanding how to use it. It has been fairly well-behaved in this rally. However, two more strong days or so may change things.
Keep posting, I find them interesting. |
