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


To: Doug R who wrote (54966)8/3/2019 3:50:40 AM
From: Doug R  Read Replies (2) | Respond to of 79230
 
So...in 2007, the trigger line remained unbroken and the market, for reasons of underlying fundamental "credit adjustment" and the transition involved, sorta, kinda "cratered".
BUT......BUT.....the bottom of that crater set the anchor for the lower line of the current channel as well as the starting point for the first reference high of the SPX MIMBO which is intricately tied into the 3mRSI activity and current situation.
Next post addresses how the 3mRSI paste trigger line from 1/1/2007 temporally cleared the shit out of everything after Sept 2012.

This is about 4 charts of the series rolled into one....
I could easily develop a two day, 20 hour, stupidly intricate seminar presentation on this approach. It's damn flawless when understood.