ajtj99's Market Pulse

[ajtj99]

This chart (3rd post) seems to be showing Bush's approval ratings in a falling wedge. If it breaks to the norm (up), we could see a re-trace in the drop.

#msg-6194" target="_blank"#msg-6194" target="_blank"#msg-6194" target="_blank">http://forum.themarkettraders.com/read-m/8/6194/6194#msg-6194

This chart seems to suggest the possibility of an inverse H&S formation. To get there, we might see destruction of Iranian nuclear infrastructure for the neckline at about 43, a drop after that to maybe 30, which would likely indicate some bad things in the aftermath, then a rise to 55, which could coincide with eventual withdrawl from Iraq.

This is not partisanship or political. It is just an exercise to show how charts can be useful in quantifying non-market outcomes and how we can interpret them.

This post is not suggesting a personal preference, only a possible/probable outcome based upon chart formations.