Monday, August 25, 2014 3:25:11 PM
Wyckoff Market Analysis
MENTIONED BY ART HILL TODAY
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:wyckoff_market_analy
SHANGHAI COMPOSITE HOLDS BREAKOUT... The Shanghai Composite ($SSEC) broke its first resistance zone with a surge in July and is now challenging the September-November highs. A break above these highs would forge a 52-week high and suggest that a long-term uptrend is starting. Chart 4 shows the index bouncing off support in the 1950-2000 area from December 2012 to June 2014. A small triangle formed this year and the index broke out with a sharp surge to 2200 in July. The gains continued over the last three weeks as the index approached the second resistance zone. Those who saw Bruce Fraser at ChartCon surely recognize this as a Wyckoff-type base that suggests accumulation over the past year or so. A breakout would complete the base and suggest we are entering the markup stage. Chart 5 shows daily candlesticks for more granularity.
DUMA I do not under stand the 4 stages, but maybe you do. ?
MENTIONED BY ART HILL TODAY
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:wyckoff_market_analy
SHANGHAI COMPOSITE HOLDS BREAKOUT... The Shanghai Composite ($SSEC) broke its first resistance zone with a surge in July and is now challenging the September-November highs. A break above these highs would forge a 52-week high and suggest that a long-term uptrend is starting. Chart 4 shows the index bouncing off support in the 1950-2000 area from December 2012 to June 2014. A small triangle formed this year and the index broke out with a sharp surge to 2200 in July. The gains continued over the last three weeks as the index approached the second resistance zone. Those who saw Bruce Fraser at ChartCon surely recognize this as a Wyckoff-type base that suggests accumulation over the past year or so. A breakout would complete the base and suggest we are entering the markup stage. Chart 5 shows daily candlesticks for more granularity.
DUMA I do not under stand the 4 stages, but maybe you do. ?
TRADING TNA AND TZA
http://investorshub.advfn.com/TRADING-TNA-AND-TZA-12981/
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