ajtj99's Market Pulse

[LG]

plexxus: A quick review...

Your daily chart for the SPX included a descriptive annotation that referred to the rising converging trend lines you plotted as "Rising Channel or Wedge".

While I would disagree with the exact placement of those trend lines, I am not going to go there to avoid addition conflict...gg

I understood ajtj to be offering up a lower channel line that would be close to parallel with your top resistance line. Per my work, channels are comprised of a supportive and resistive trend lines that are close to being parallel. In other words ,they do not converge or diverge.

I think you misunderstood ajtj, but maybe you didn’t and I did.

Frankly, my reply to ajtj was intended only in jest with no intention of offending you.

LG

PS: I guess my people skills can always use some work. I guess I could always bite my cyber tongue and not chime in with my opinion in an effort to help someone I deem as worth the effort. I think most of those folks over the years have indicated they benefited from my interjections, but there has certainly been those that were offended and some permanently.