Dragon Fractal - Missing Head
Read about Dragon Fractals here...
http://www.trading-naked.com/JerrysDragonPattern.htm
http://www.trading-naked.com/JerrysDragon_more_examples.htm
25% Retrace on SPX would create a dragon head here for nice November rally...
http://www.trading-naked.com/JerrysDragonPattern.htm
http://www.trading-naked.com/JerrysDragon_more_examples.htm
25% Retrace on SPX would create a dragon head here for nice November rally...
posted by chartblog at
1:35 PM
1 Comments:
Dave,
Thanks for the updates with the series of charts.
Patterns would also fit nicely with the 2007 Top-2008 analog correllation to the May 2011 to present.
Some historical statistics also suggest a post OPEX adjustment that will likely last 3 days when the market closes at or very near the highs on an OPEX Friday...(e.g., short at the end of the OPEX high close on Friday for a decline and probable profitable trade into end of day on Wednesday).
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