About meIT Consultant with past trading eperience as a member of the CBOT and later with Mutual Funds Accounting plus Administration and Compliance in the IT department.
Trend Line Analysis
1. Possible Fan forming, see three bright green trend lines
2. Close below 23395 with extended break confirms
3. Further breaks confirms major white colored channel may be penetrated next
4. So far, index not been able to penetrate and close beyond median of major white-colored channel
5. Previous indicates strong possibility channel will be...
Left Shoulder - 11/03
Triple Top - 11/04 to 11/05
Right Shoulder - 11/06
Premature HS Breakout - 11/06
Head & Shoulder Pullback - 11/06
Diamond - 11/06 to 11/07
Diamond Breakout - 11/07
Diamond Throwback - 11/07
If penetration above 7265 (solid yellow line) is followed by a rally, measured move to 7550.
If penetration below 6875 (first red dashed line) is...
