Saturday, December 06, 2014 8:53:39 PM
FUTs FIB EXTENSIONS - proxies for the majors...e-minis
The Nasdaq 100 and Dow Industrials have reached into their extension areas
with the S&P 500 not far behind.
So if they are leading, the Russell needs to do some catching up...
Bullish Patterns I see in them all:
I like the long tailed tweezer candlesticks at the October lows - very reliable patterns on any time frame.
Other bullish patterns that you can speculate about as to their validity are the multiple inverted H&S and 'V' bottoms.
I also find it interesting that the RUT's Aug top and Sept bottom both reversed with a Diamond pattern...
(they are supposed to be continuation patterns, not reversals - - aren't they?)
The Nasdaq 100 and Dow Industrials have reached into their extension areas
with the S&P 500 not far behind.
So if they are leading, the Russell needs to do some catching up...
Bullish Patterns I see in them all:
I like the long tailed tweezer candlesticks at the October lows - very reliable patterns on any time frame.
Other bullish patterns that you can speculate about as to their validity are the multiple inverted H&S and 'V' bottoms.
I also find it interesting that the RUT's Aug top and Sept bottom both reversed with a Diamond pattern...
(they are supposed to be continuation patterns, not reversals - - aren't they?)
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