it's about the hit the top of a downward channel on the hourly, CV is expecting a 1-2-3 when PA goes near the Trendline, very likely, but anything can happens, you might even see a simple head and shoulder around the same area too.. From memories, we do have divengence for the resent low on the hourly, but this I have to check again.
Tom, get Trader Vic-methods of a wall street master it's a must have to understand this thread. CF advised me it, and it made things much clearer.
yes that's my main trading vehicle, the hang seng is just something I added a few weeks ago and only trade first session there.
Reading your thoughts in your tortured writing style is almost painful. Could you just ... shutup, please?
<a href="http://s288.photobucket.com/albums/ll190/baron193/?action=view¤t=gold1.jpg" target="_blank"><img src="http://i288.photobucket.com/albums/ll190/baron193/gold1.jpg" border="0" alt="gold1"></a> In candlesticks, which is what i use, fibs removed, the tail is right on a long term fib level, exactly to the point.
<a href="http://s288.photobucket.com/albums/ll190/baron193/?action=view¤t=gold2.jpg" target="_blank"><img src="http://i288.photobucket.com/albums/ll190/baron193/gold2.jpg" border="0" alt="gold2"></a> Ok it's a hammer....