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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (63718)6/25/2022 2:29:03 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Respond to of 98886
 
They should rarely cross at all and if they do, it should be at crossroads, not racing past each other.



To: ajtj99 who wrote (63718)6/25/2022 2:39:11 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Respond to of 98886
 
That is what I am thinking too. If you have to make guess, make it in the direction of the trendline (in this case the yellow line).

If however XBI consolidates long enough for the trend line to change directions, then it may go back up.



To: ajtj99 who wrote (63718)6/25/2022 4:10:17 PM
From: Sun Tzu  Read Replies (1) | Respond to of 98886
 
You are thinking of the mirror as a left-right.
But I was seeing it as a reflection through the origin (diagonal).
Put in a mirror at 45-degrees at April 22 and see if it makes sense.