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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 (56414)	2/12/2020 3:53:53 PM
From: Woody	Read Replies (3) \| Respond to of 79382

ADVM in a monthly view .. fwiw.

To: Doug R who wrote (56414)	2/13/2020 8:14:47 PM
From: Doug R	Read Replies (2) \| Respond to of 79382

Dangling Participle: Not usually a bullish sign Not apocalyptic either with the close higher than the previous day's close. The red one on Tuesday didn't give way. Now a green one today. Caution ahead of a 3 day weekend will work against upside. Two major resistance lines with the steeper one being prodded as it, itself, is moving into a zone with a resistance boundary from the past. A less steep boundary to an older, wider channel. To me it all says down but not out of the current channel is probable. If that occurs, the character of the move down can be analyzed with an eye on the current lower channel line. If price bumps back into that old channel, the current lower channel line will still carry forward to intersect with the old one. Breaking out of the steep channel will not produce a move that can hold so a break over it, even in the older channel still says at least short term top. Then a test of the old lower channel line as possible support. This is all getting really interesting. Red line works out mathematically to 3387.95 for today's close. Each day it rises 1.774782608695652 points. (I checked). Each 1/2 day...it rises 1/2 that. The black line is 3381.75 and rises a scorching 3.688947368421053 points/day.