When was the last time we saw this? Here, I present to you, the clearest bear-market action print seen in the DJI in many years. Corrective abcd harmonic patterns are not supposed to achieve, let alone exceed, their d targets in bull markets. In-Bull-Markets. It has finally happened here. Please see my post entitled Animal Entrails, referenced below. The bounce seen in the SPU2017 futures may revive the DJI, but then again, drowning men have been known to drag their saviors to watery graves just as easily. Friends and colleagues, we should start taking stock in technical signs of weakness. Keep a wary eye on the forest, children, for the shadows conceal many dangers and the wolf certainly will see you before you see him.
Can I ask you to explain what we are looking at? What the squeeze, ATR and CM_Williams_Vix_Fix are and why this is a clear example of a short scenario?
Also an example of when we last saw this would be nice.
d34dc4t
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@me31ap, Pay no attention the other indicators behind the proverbial curtain. I use them for options trading. Focus only on the harmonic extension.
d34dc4t
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@me31ap, this should help you understand some of the principles I use in my analysis and projections.