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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Cornstock who wrote (52815)	5/24/2018 4:23:28 PM
From: Woody	Read Replies (2) \| Respond to of 79484

LOL, of course you are and that's why you never get the Hunan Chicken ... <smile>.

To: Cornstock who wrote (52815)	5/24/2018 5:10:09 PM
From: Doug R	Read Replies (2) \| Respond to of 79484

Ok Peg, Here's what my new toy looks like with IQ. Since I made my initial decision based on an hourly TA because there wasn't enough daily data, I have it for the hourly and the daily: The first cross is not below price on the days leading up to it. You end up with the classic breakout above the downtrend about 3/4 (or some fib. deriv. thereof) of the way to it. Textbook stuff. This is where everyone stops paying attention to that downtrend line as it proceeds. And they have REALLY forgotten about that initial uptrend line...waaaay down there. But, when that downtrend line reaches into the future to make contact with the past uptrend, price has a tendency to go back to the future toward (not necessarily reaching) that next intersection that is projected into the future from the past.. That's about as confusing as I can make it so if you get it...you got it. You're going to love the daily chart too. DAILY----got it? (same dates on the crosses, of course.) And yes, there's another, lower uptrend line still back there...in the future. Maybe I'll name the move that goes back to the future a "Delorean"