Those pairs charts look convincing and even PTJ used one to help predict the crash of 87, but since 2008 I haven't seen any that worked. There may now be too many unsophisticated trad3rz using them. They are a decoy, like a macd crossover, the flame which attracts the moth, the fake boobs that take over your mind when they enter the room...... :eek:
This correction is good for the market. It means it can climb higher over the next 2 years. The main thing dragging it down is the selling off based on china fears. Might see gold break 1300 before this mini panic is over.