When Time is Up - The Trend Must Change
I've been mentioning a late October - early November cycle low for weeks and weeks where time would expire for the bears no later than November 4-7.
November 4-7 ended a 52 day Neowave time target...
http://chartblog.blogspot.com/2011/10/how-wave-e-low-may-extend-to-116-as.html
Finally a breakout from these lows.....Long and strong...
November 4-7 ended a 52 day Neowave time target...
http://chartblog.blogspot.com/2011/10/how-wave-e-low-may-extend-to-116-as.html
Finally a breakout from these lows.....Long and strong...
"Time is the most important indicator. When time is up the
market must change trend." - W.D. Gann
posted by chartblog at
2:04 PM
1 Comments:
Dave,
It appears to be a failed breakout. Does this suggest that the trend may now have changed to the downside to fulfill tha dragon head pattern of lower highs and lower lows over the next few weeks?
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