I must be a dupe of International Jewry. Check your chart, bs. The Jew Zionists might be sending radio signals into your tooth fillings.
If you want to draw the longer term view, this is what I suggest you use. Your work just doesn't make much sense.
BTW, for any sane people following this thread, I didn't post the SPX wedge as some irrefutable argument that the market will sell off. I posted it because it shows an ever narrowing range in the market and I think the rising wedge is an interesting formation. Whether the market breaks higher or lower in September, I don't really know. Because of the declining volatility, I would think that the move will be fairly strong whether up or down as the volatility reverts to higher levels.
What an exchange LOL A rising wedge, also termed an ED, works best when the advances and declines are all three wave structures. Then the break will assuredly be to the downside. When they are not threes, but fives, it's not really a wedge or ED at all. The advance just happens to be taking that shape as it prepares to accelerate to the upside. That's why some appear to break down and others continue higher.
It was already stated once, but I will repost in my words because I don't think it was taken seriously the first time. this is a rising, wedge, but it is part of a large bowl pattern. Very bullish.
I don't know which way this SPX is going to break, but that GOOG pattern back in March was no wedge. Sir, that's a rising triangle. IMHO <img src='http://users.tellurian.net/tom/charts/images/goog.jpg'> IMHO
You may very well be right, daniel. I remember reading a Bloomberg (that sounds Jewish! ahhhh! ) news article in late July saying that bearish sentiment was the highest it had been since the fall of 2002, which would of course be a very bullish indicator. The first few weeks of Sept could be very entertaining.
Yep, amusing if not particularly useful. Interesting. I don't usually pay that much attention to chart formations so this is an opportunity for me to learn something. Thanks for the post.