wow...what a pop today...i really expected more downside....the dow and s&p hourly charts were hinting at a bounce off of the tunnel ma's (blue waves :)buTT i didn't think it would amount to much....
anyway...i want to make it clear that this tunnel method is not my creation....i have posted here numerous times that i found it at simple green's room....as far as i know LT MATT brought it to ihub originally on the FOREX TRADERS board here on ihub....here is a link to a post that explains the basics.... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=20470482
again...NOT MY IDEA!!!...i just learned to use it on forex trades and then applied it to equity charts.....speaking off...here are the hourly charts that should have gave us a warning of this bounce...