PS. Pelican, address $vix on the next post.
4/26 13:00 ET: i found year 1980 DJI and GOLD pattern rhythm well with current ($indu, $spx, $gold) pattern.
during 1980, $gold and $silver made a climax multi-decades top.
during 1980, DJI plunged over 20% in less than two months,
GOLD plunged over 48% in about two months.
4/26 11:15am ET: $spx, $indu up modestly to new high, still patterned as humble members charts updated of "code blue pattern" and consolidation stage. $rut might be trying to get to the code blue with a new high.
"Novices start to buy as price has risen"
stages are well defined by my pitch forks.
aqua areas are the mirror images of the false H&S and potential false H&S.
perfect example provided.
i found following person's concept very interesting, his concept is back tested and verified by Thomas Bulkowski.
"Even though it's more than 20 years old at this point, this is considered a bible of sorts to those in the trading industry ... Instead of trading as many investors do today by betting on current events or "today's news," the idea is to trade on future trends as the professionals do."
"stock advice in his book still holds true even 20 years later. Therefore, if you can't afford $40,000 for his newsletter..."
Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.