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techcharter

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techcharter

Re: BlissBull post# 12475

Monday, 06/20/2005 9:44:07 PM

Monday, June 20, 2005 9:44:07 PM

Post# of 51804
Bliss: I'm still in Prechter Detox ;)

I started to really think for myself after I cancelled my Short Term Update at Elliott Wave Intl in March '05'. One article on SaveHaven.com indicated Prechter is calling the March '05 high THE top. Since mid May '05 I started considering an ending diagonal in the US markets since the Fibonacci time/price ratios didn't look good.

Meltup is more accurate for what the DAX and FTSE have done as they lead the world markets. The rest of the world markets are technically weaker and that's why the DJW is not confirming the DAX and FTSE breakout. Try applying some of the Dow theory to the global markets.

Think systemically in your analysis and how conflicting technical signals can be resolved.
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