Channels set to cross tommorow

Discussion in 'Technical Analysis' started by Illum, Jun 10, 2009.

  1. Unit001

    Unit001

    I was simple in my thread, there is nothing to it.
    If DOW goes up and finishes up (chances are high that it will) then for the next 3 days we have Up
    if down closes down below support, then we are looking at few days of down motion

    simple as that
     
    #11     Jun 10, 2009
  2. maxpi

    maxpi

    I draw channels differently than what the OP did but what I see all the time is when there is conflict between two channels you will have a volatility trap. Price will coil into a wedge and then break out.
     
    #12     Jun 11, 2009
  3. Illum

    Illum

    2 more days of nothing. Spinning wheels. What are we waiting for? Hanging on to the uptrend from the lows by a thread
     
    #13     Jun 12, 2009