Mike
02-17-2017, 09:25 AM
Pascal mentioned a possible top. Supporting this view is the chart below showing a possible upper channel line break with acceleration through the line.
39647
Not all upper channel breaks lead to a market failure. In 1995 when the Republicans took over leadership of the House of Representatives for the first time in 40 years the upper channel break indicated the beginning of a market acceleration phase that lasted five years.
39647
Not all upper channel breaks lead to a market failure. In 1995 when the Republicans took over leadership of the House of Representatives for the first time in 40 years the upper channel break indicated the beginning of a market acceleration phase that lasted five years.