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Re: inveterate post# 96815

Tuesday, 03/11/2014 11:40:40 PM

Tuesday, March 11, 2014 11:40:40 PM

Post# of 130503
inveterate: You are right, I didn't make it clear. But, I meant the ambs chart. Doji (Japanese candlesticks) indicate change and this dragonfly doji when it appears at a bottom is an indication of a change in trend. Possibly there will be news in the early am. Don't know what else, especially after the behavior the last two days, would change this direction. If so, I doubt it would surprise anyone. The chart has looked great for weeks...it just takes time to work through a pattern. As mentioned earlier in regard to Elliott Wave, it should be a 'good one' as in a Wave 3: 'Wave three is usually the largest and most powerful wave in a trend...'(Wikipedia: Elliott Wave Theory). And after a pullback comes another powerful wave: #5.