Silicon Investor (SI) -- The First Internet Community

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 : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?

To: Nihontochicken who wrote (8002)	3/27/2016 1:05:14 PM
From: zman69	Respond to of 15903

Seems that you and Caldaro are in agreement then...

To: Nihontochicken who wrote (8002)	3/27/2016 1:17:31 PM
From: zman69	Respond to of 15903

BTW... Using a monthly chart that only goes back to 1994 to look for fractal patterns gives very few data points to consider. I myself prefer to go back to the early 1900's using a monthly chart of DJIA (or 1928 for SPX) when I am looking for monthly pattern analogs... When you do that you will find 13 previous examples that look like the current set-up (tight monthly BB's and touched the lower BB) and 11 of those 13 resolved bullishly... That said, even using your chart you can see that your 2 bearish analogs never saw the monthly chart close back above the 20 SMA once it closed below it. In another 3 trading days, we'll see whether this current example follows that pattern or breaks it.