I'm bias on untog. I feel that there is still a third line that is to be formed on that junction of the opposing force of the upward and downward arrow. That third line might complete the whole downward trend then we go to the next bull run. The third line could be short than the second downtrend line but angle might be bigger. The second downtrend line takes a year. How much kaya ang third line? My wishful thinking -3 months and no lower low, just a double bottom.
Thursday, May 28, 2009
DJIA - Untog or breakout
I'm bias on untog. I feel that there is still a third line that is to be formed on that junction of the opposing force of the upward and downward arrow. That third line might complete the whole downward trend then we go to the next bull run. The third line could be short than the second downtrend line but angle might be bigger. The second downtrend line takes a year. How much kaya ang third line? My wishful thinking -3 months and no lower low, just a double bottom.
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