andrewunknown

$SPX Laggard Dow Posits H&S Top. YTD Index Leaders: Not So Much

INDEX:DOWI   DOW Industrials
602 6 2
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snapshot


Ascending necklines
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andrewunknown QuantitativeExhaustion
3 years ago
Good outline of the two basic probable scenarios. ascending necklines can work well, as long as the risk of failure - which in my experience is materially increased by a diagonal neckline - is well understood. Many a bear trap (which I take it is what the lower drawing outlines) has made a victim of the unwary with these.
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Following the pattern I think there are initial signals (apart from SPX) toward to a point of contraction due in at approx. 22nd (ish?).10.2013. Maybe 18th? Level, hard to say. The Russell to be the biggest loser (?)
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finitemonk PRO finitemonk
3 years ago
That should have been (apart from the DOW)
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