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Tuesday, April 24, 2012

Tuesday, 4/24/12 update


Triangle idea updated:

2 comments:

  1. Hi Al,

    Thanks as always for the charts.

    Does the fact that we pushed through declining resistance to 1390ish change your count?

    I am looking for something like your chart above. I find it fascinating that the moves have been almost identical to the upside. Three waves with the 1st and 3rd waves being almost equal. I am sure that is a pattern that has a tendency to break out one way or another. Until it does, I will chose selectively what I buy with 1-2% capital. Has been worth it so far.

    Aaron

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  2.  Put up a new post tonight (Wednesday) with some alternate possibilities - triangle idea is pretty much out the window.

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