Wednesday, May 24, 2006

May 24, 2006: Cnsld (Hook)

Ideal setup on chart. Action of breadth in relation to the zones should be noted.

How about that 'fugly' multi-day pattern on BKX. Believe it or not I've seen it before!





What were the metals doing when currencies wanted to b/o from 240 H&S pattern? They were selling off!! Look at (highlighted) fake b/o on currencies then what happened subsequently. Yes, exactly! Ditto for crude. There's correlation and metals seem to be wiseman unlike the currencies that keep behaving like an 18yr.-old. There're consistent occurences that I'm seeing on metals & currencies and I shall post in due course. Posted by Picasa

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