George Cole: Its been a while since we conversed...ggg
I am using my homestead web site for uploading charts this week as I am dropping the site after this week. I will be taking on a new hosting service next week, that will allow me to use off the shelf software. I will be using the new web site to create a new analysis site and a web site for the business enterprises my wife and I undertake. My intention is to make the web site more upscale that my web site have been in the past.
There will be a period where I will not be able to share charts online while I get familiar with the new software and web hosting service and constuct my sites.
Now back to the market....
My QChart "Intraday" NYA (NYSE Comp) 15-Min Semi-log Chart The NYA is trading in a falling wedge pattern (dark blue lines). A break to the norm would be up. My shorter-term intraday models suggest this wedge "should" break to the norm after the bouncing consolidation along the resistance line completes. I am not expecting another drop to the support line prior to the break. The following comments are a little premature however per my mid to longer-term intraday models, a test of the falling wedge’s falling resistance line for support is likely after the break above. We shall see if it is tradable or negative...
Note: This chart is a double screen capture and is extra wide.
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