The rising wedge, a chartist's friend. This one is big, going back to 12/26/14. From top to bottom line: about 5647 pts. The apex intersects on 1/10/18. Time has crept past the 64 percent move since inception, the normal upper boundary before the wedge cracks. Will it move beyond? Possibly, because I believe a top is barreling toward us this year. Yet, price can...
No high or low on 5/19 - simply sound and fury. Much fear, then greed, and little to show for it. No matter, time is endless...the wheel never stops turning. The next important cycle I've got is 6/2. Can't point to a high or low (though I suspect it starts with an l.) Here's an Alan Andrews side method. Notice the two black lines forming a channel from 11/4/16....
(The chart depicts a possible bull flag and the two poles price might follow if the Dow continues higher.) Recently, it was asked which direction my 5/19 cycle would go. Originally, I believed down. Originally. Now? Well, uh, ah, I...I...I.... This week, to me, represents a time window for a fear/greed seismic event: either avalanche or melt up. My confusion now...
The method makes next to no sense, I know, I know, but sometimes it's a picture of wealth. I'm pointing to Natural Squares - the mystical, ethereal, nebulous way of prognostication whether by minutes, days, weeks, months, even years. It's place in the Trading Hall of Fame? Well, in the basement, around a dark corner, in a dusty crate next to the boiler. This is...
The case for a Dow top...courtesy a little Gann, Michael Jenkins, and George Lindsay (no, not Goober from The Andy Griffith Show, which was spelled "sey." The former was the reclusive chartist most renowned for 3 peaks and a domed house.). My forte is tech time cycles, so to me price, while important, is secondary. For the moment, ignore the Gann fan. Which, I'm...