I have important channels that cross tomorrow, market appears to have respected them very much, but will have to choose tomorrow if it wants to stay in one by violating the other. Have to do this in 3 posts, I haven't figured out how to post more than one attachment, it erases the first on me. I apologize. I have had these up for weeks and watched the recent congestion. So it's not like I'm just pullin this out of my ass tonight. What shocks me is how tight it got. First up is a downtrend channel that was violated during the Leh disaster.
sorry buddy, I beat you to it didn't mention channels per se, but you know http://www.elitetrader.com/vb/showthread.php?threadid=166581
Here is a look at both at them zoomed out, I will zoom in on next one. The blue line is just a very crude trend line I threw up. Notice how it will cross around tomorrow too.
Here it is all zoomed. Notice how we did not close into the upper channel and yet did not close below the new up channel. The congestion is broken tomorrow....
Yea, they stink heh. I'm terrible at it, but still, looks very interesting. I suppose tomorrow could be boring, but I doubt it
OH GOD, I found a 666 in your chart, on the bottom no trading for me tomorrow, thanks a lot Illum can you believe chinese really believe in this stuff
Forget the Chinese, I'm insane lol. I am convinced the computers are respecting these channels. Im in a matrix loony world My insanity ends tomorrow, one channel is getting broken. Well I'll still be crazy but anyways... What are you seein Unit? I saw your dow pick, help out a loony out