|
PureBytes Links
Trading Reference Links
|
I note that most subscibers focus on MS system analysis and apparently pay
little or no attention to chart basics such as patterns. Every good analyst
would have seen the classic Rising Wedge mapped out by the DJIA since
beginning of Sept. This is the most dangerous of all patterns as it wipes
out the whole of the move inside the wedge in about one third of the time
taken to build the wedge.
The DJIA took 6 weeks to build the wedge so I expect a fall to 7600 fast.
This will only be the first minor down move in a major bear market.
On Monday my comprehensive web page will be up. Although it concentrates on
South African shares there is a page on global investment with the rating
table that I detailed some time ago which picks up superb relative strength
buy and sell signals. The site is at internamix.co.za
Regards
Dr Clive Roffey.
PS a move by bullion above $328 will take it to $355 as the next phase.
|