Annual Signal

Reading price charts which may give you direction in the market using established TA methodology
saechunu
Posts: 20
Joined: December 14th, 2016, 5:46 pm

Annual Signal

Postby saechunu » January 1st, 2017, 12:05 pm

"First Positive Outside Year Since the Secular Turn in 1982",

https://www.youtube.com/watch?v=iAfO7syZ-p0

Nice work Mr Ciovacco.

oldcharlie
Lemon Pip
Posts: 77
Joined: November 5th, 2016, 1:03 pm

Re: Annual Signal

Postby oldcharlie » January 3rd, 2017, 1:08 am

sae,

Excellent video. I think he protests too much about not forecasting! I like his warning that the Market can do anything it likes from here but the probability is for a long, strong movement. Nice analysis of the possible events that might knock Markets and reverse the trend.

If you could place FTSE Index over the S & P 500 you would see that FTSE began in the middle of the big run up in the S & P from the breakout in 1982. We have a shorter back history so we cannot replicate this analysis of outside yearly candles. FTSE 30 may help but I do not have access to a chart.

S & P is more advanced in terms of the breakout but FTSE is making the right moves. FTSE has been decoupled from the US markets for some time. Will Brexit continue to spoil the party?

OC


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