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fashionman

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fashionman

Re: rmcd post# 2187

Wednesday, 05/18/2005 9:59:18 AM

Wednesday, May 18, 2005 9:59:18 AM

Post# of 44374
rmcd: IMO the sp would have already began to spike up just before the second red hat aroon was formed buy it didn't because there will most probably be a green hat diamond forming right after. If you take a look at the chart now, it seems as though there is another diamond forming with a green hat on aroon 5 and maybe a small red hat (good sign) on aroon 8 (watch this one closely). Basically this IMO all these diamonds shows that people are undecided but when they do decide, it will move fast either way. For now I would be paying more attention to the other indicators such as the ADX crossing up through the DMI- on the daily chart ( which would be a good thing.

I am not a professional and my comments are all my own opinion. If you have any constructive criticism do not hesitate to offer it; this is how I can learn and improve my analysis.

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