"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824
Monday, April 20, 2009
SDS Chart
Just throwing a few charts up from requests. Not too much detail. Fibs and TA only at this time.
Projections for wedge breaks is the height of the wedge. Look it up in chart school on stockcharts for further deatil. I usually have a dashed line on my charts as the target (there is one on this chart above - the line that looks like a channel line above the wedge). It is not always accurate, but works for a good rule of thumb. Pi Cycle is some wierd stuff. Must pay more attention. I like the new weekly one as well. If you have any suggestions for the indicators let me know.
Pi cycle - on the money AGAIN!
ReplyDeleteHey, any way to measure the projection for these wedge breaks? Not sure what the rule is for that.
Thnaks for your charts - love the new weekly one.
Projections for wedge breaks is the height of the wedge. Look it up in chart school on stockcharts for further deatil. I usually have a dashed line on my charts as the target (there is one on this chart above - the line that looks like a channel line above the wedge). It is not always accurate, but works for a good rule of thumb. Pi Cycle is some wierd stuff. Must pay more attention. I like the new weekly one as well. If you have any suggestions for the indicators let me know.
ReplyDeleteS135 - look at the BAC chart above for how the targeting should work. It was near perfect.
ReplyDelete