tradesmart said:Interesting looking back a while, to see that predictions/comments based on T/A have proved to be remarkably accurate – the ‘magic breakout’ proved to be just that. And the Dow target of 10850 based on the prior 600 channel has happened today……!
Nice to know that the T/A works and here’s thanks to CM for his daily tuition – I certainly didn’t know much about it before I started following Dow Intraday Charts, and the great thing is that you can apply the basic principles to Stocks/Commodities/Forex as well if you wish…..
Merry Christmas to one and all……...!.......... :cheesy:
(Christmas Card attached….....)
I fully agree on that - looking forward into next year - have done some charts and especially the "OMX" index on the Stockholm Stock exchange (guess some of you are familiar with the company "OM" since year2000
) - anyway, it says down until the end of Feb beginning of March. It fits well with the warrant market with the majority of calls expiring Jan/Feb and very few if none good put warrants. On the other hand the good majority of puts expires in March. MMs know their business so I guess that this is what we can expect in the beginning of next year in Europe at least .A Merry Xmas to all of You
