=========== Mr & Mrs Electric Savant; I have a trendline related question; it is NOT a prediction, however, just a high probability question. Are you 2 going to enter Peregrine Financial Group [pfg] free trading contest s, you have to register this week, Forex or Russell 1000 derivatives.??? If you won , you got paid to research something like trendlines; if you didnt win, you still may find some good research.
Here is an update to the trend lines drawn on the Dow 15m chart created yesterday and posted earlier in this thread. Attached is the 15m chart with only the trend line in reference. I'll post a 3m chart next to zoom in and show how the trendline acted as support which hinted at buying strength.
Here is a 3m chart showing how after the Dow broke through the original downtrend line it acted as support.
1/ That's about right 2/That is always a good idea, keep the best stuff for yourself or clients. 3/ Good to know that I am not alone ( in asylum ) lol
You woud never know if I did...I had an account years ago at PFG Best... Commissions too high.... Michael B.
Mr Turtle.. I always read your posts. I am not a very competitive person, like my husband. So I will pass. Wifey
Trendlines as support? Sure, if enough traders are looking at them. Take a look at the gif. Did the YM bounce because of the trendline or because of yesterday's accumulated Volume at Price/POC/VWAP? Remember, the market only moves up and down, not diagonally. They