A throwback to 1965's Herman's Hermits "I'm Henery the Eighth, I am".
This is the same chart as yesterday's only using a Daily Chart. I want to emphasize the power of the market forces at work right now. I want you to see and feel the history being made. It is unfolding day upon day, week upon week and month upon month before our eyes and upon our charts.
Cup 1 is also a Daily double bottom, bouncing on the 50-day sma shortly after the 50 has crossed the 200-day sma. Not only that but it has two hammers bouncing on the 50 and a Bull Engulfing Candle and decent volume.
Cup 2, aka Monster Head & Shoulders, aka Ajax, which has been dominating our charts for some time, has two hammers on strong Support (aka "glorious" Hector's footing for defeating Ajax in a splendid battle). Don't miss the volume that came in on Friday, 9/26.
China's Temper Tantrum, Friday, 10/10, while big in size, cannot withstand The Fourth Industrial Revolution Bulls. Isn't it interesting that it is part of two cups - the bottom of Cup 3 and the top of Cup 4? Communist China cannot stop the forward march of Free Market Capitalism. Truth defeats Falsehood!
Indeed, we traders shall have a new dance floor, and our capital will have a new ballroom.
This is the same chart as yesterday's only using a Daily Chart. I want to emphasize the power of the market forces at work right now. I want you to see and feel the history being made. It is unfolding day upon day, week upon week and month upon month before our eyes and upon our charts.
Cup 1 is also a Daily double bottom, bouncing on the 50-day sma shortly after the 50 has crossed the 200-day sma. Not only that but it has two hammers bouncing on the 50 and a Bull Engulfing Candle and decent volume.
Cup 2, aka Monster Head & Shoulders, aka Ajax, which has been dominating our charts for some time, has two hammers on strong Support (aka "glorious" Hector's footing for defeating Ajax in a splendid battle). Don't miss the volume that came in on Friday, 9/26.
China's Temper Tantrum, Friday, 10/10, while big in size, cannot withstand The Fourth Industrial Revolution Bulls. Isn't it interesting that it is part of two cups - the bottom of Cup 3 and the top of Cup 4? Communist China cannot stop the forward march of Free Market Capitalism. Truth defeats Falsehood!
Indeed, we traders shall have a new dance floor, and our capital will have a new ballroom.
Note
The 50-day sma is holding everything up and is itself going up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.