How To Read Channels

weekly SSE Composite Index

 

...what is the ticker on that shawn ?
thnx

 

....that makes 16 days in the same channel.....
.....yeah.... channels don't work at all....

 

During globex hours tonight, NQ bounced nicely off resistance in new down-channel.

Only look at yellow lines!

http://www.sierrachart.com/userimages/upload_2/1236074444_90_UploadImage.png

 

channel bounce

 

....19 days and counting.....
....short upper wall in a down channel....

 

...one comment about that run up over last session....
.... crosses ENTIRE channel wall to wall in one session.... been in the channel for a month.....

.... in a downtrend.... gotta play it as a short squeeze....

 

amazing thread....gold channel...ride it, i have...DGP, DZZ all the way....

 

here is the bounce the other day and the ride up!

 

.... on gold.... it just completed a massive wolfe wave target on weekly chart....
..... good to keep that in mind....
.... i am looking for a lower high on weekly....