Interesting Work from Schism at Chartology Forum
Realistic targets ?
With everybody posting different targets, I wanted to take a look at the previous bull run to see how the different years stacked up from a percentage gained standpoint. These time measurements are basically from January to January and the price is measured from low of the year to the high. The 10 yr bull average is a rough calculation, rounding up and down, and minus 2008. I also had to use the second smallest advance because we already surpassed the smallest. I found it kind of interesting that the bull average intersects the last down trending bear line. If this current bull flag proves out and we move up, I believe that line is the target. I’d be willing to bet that there’s some serious voltage running thru that line and it will initiate a strong wave of selling. In the end, I just wanted to see if history supported the targets, and it did.
FCG
would love to read the chat but it won’t enlarge
Fully, can you re-post the chart please…
It looks very interesting
Thanks
Cant get it to enlarge
use ctrl ++++