Creeping our way towards 1,200...sure is boring. Nothing much to report other than 2010 so far, repeat so far, seems like just a continuation of everything we've seen for the past 2 months. I guess if it aint broken, dont fix it...:)
Wednesday, January 6, 2010
Mid Week Chart
Creeping our way towards 1,200...sure is boring. Nothing much to report other than 2010 so far, repeat so far, seems like just a continuation of everything we've seen for the past 2 months. I guess if it aint broken, dont fix it...:)
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3 comments:
Nice blog, Larry! Can I ask whether your lows and highs marked on your charts represent a directional move from low to high (for lows) and from high to low for those marked "high"? e.g. 11/16 was a high, 11/27 was a low, 12/4 was a high and 1/4 was a type of high (or up leg anyway). So I'm wondering whether the "high" marked out for 1/11 might suggest a sharp drop in that case? Thanks for your great work!
Pretty simple really indigo. Highs are highs and should therefore be reversal points for a move lower and vice versa.
Ok thanks, but I mentioned 11/16, 11/27 and 12/4 because those dates seemed to be inverted on your chart. And since 1/4 seemed to provide the strongest up move this week (so far), I'm wondering what the chances are of 1/11 inverting to a low. Hmm... Although astro suggests 1/11 is up I suppose!
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