naaah... just too slow to daytrade, too dumb to think it through in a few seconds, and too lazy to work harder.
Inandlong, I looked at the Dow and yup it looks like a shooting star. Good rule of thumb is that the tail be at least 2 times as long as the body. On YM it looks like an evening star, but there is very little data to support in on a monthly chart since YM is so new. Hmmmm....I am pretty slow on the uptake and I daytrade ok. Maybe you just have better things to do than stare at a computer all day? Cathy
use a yearly chart! Yeah, looks like she started forming a rising wedge back in '46 -- I'm expecting another breakout in 2041 (but then I want to see it pull back to the pivot-point again to rule out any "bogus signals!").
LOL! Sometimes I think I might as well be in real estate! I know for many, many of the members the monthly chart is meaningless. But the big money that actually makes the market trend looks at it. And all I want to do is ride the wave.
Right you are peter'. Watch this! One of the nice things about being a moderator is about to occur. But I'll leave my original in your quote so as not to completely cover my error. Thanks for the chart and the correction.