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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: trader69 who wrote (8783)8/23/2012 1:35:32 AM
From: Joseph Silent  Respond to of 41117
 
Good points. I'll agree. In case this has been missed, if

you look at the chart I just posted you'll see a multi-month cup has formed between the 1422 top
and the 1426 quasi-breakout. It formed after a trend, as required.

The next step is a handle, possibly a high handle if we blow past 1426. But the cup formation targets
the 1570+ area. I don't know if we will actually get there or top earlier in the next year. Time will tell.