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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (12143)2/3/2012 2:06:24 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12410
 
Yes, I'm long too but not in for a 100%...

Week of 21 Feb... ± bar each side... is the next major trend change window within my work

After that and by middle of March... will most likely have increased percentages.
ECU and other noise has kept me from increasing earlier
I'm pleased to know you have been more aggressive on the long side

This is a great INDU chart... very clean and simple
1. notice the how price hung onto the black upper tine for 9 weeks
2. notice the interplay of price with red sideways fork and black upper tine... the cross has always been a magnet
3. notice how price has reached the median line of the blue fork

2nd DOW chart of the last year follows





To: robert b furman who wrote (12143)2/3/2012 2:38:05 PM
From: Chip McVickar  Read Replies (2) | Respond to of 12410
 
Second chart of the INDU... weekly 1 yr 9m

You can't miss the chimney pipe
and the interplay with a different sideways red fork
and of course another upward blue median line
also Fib - 34

chart suggests we could see 13,200... by end of the month