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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Machaon who wrote (108268)7/12/2018 8:54:19 PM
From: GROUND ZERO™1 Recommendation

Recommended By
Machaon

  Read Replies (2) | Respond to of 222437
 
Hey Bob, my pleasure, as long as everyone realizes I'm not any smarter than the next schmuck, but I do spend a good amount of time measuring these markets and every now and then I get lucky...<g>

Thank you, I appreciate your very kind comments...

There are a lot of highly savvy people around here, every now and then someone does say something very insightful...

If our domestic markets are going to take off, then I would also believe that China is also going to take off, as well... so, why not ride both rallies and get a double bang for the buck... I'm holding a good handful of Chinese related tech companies and I think YINN sums it up nicely as a single market instrument, so I added that to my holdings for this beautiful rally which is about to begin...

This is a weekly chart of YINN, look at the size of that wedge, it spans over 3 1/2 years... this market could move waaaaaay up above the top of that wedge over time, a measured move to 110 from the current 25.29 level...



GZ