|
PureBytes Links
Trading Reference Links
|
The H&S in 97-99 hardly went anywhere. If you look at a longterm
chart, it looks like an inverse H&S from the late 80s.
--- In realtraders@xxxxxxxxxxxxxxx, "Carl V"
<carl.vanhaesendonck@xxxx> wrote:
> Sorry if you already treated this subject recently, as I was away
> from RT for several months.
> But I found something exciting, but quite frightening, by looking
at
> LT USDJPY charts:
> In the attached chart, you will see a monthly bar chart, with 3
very
> reliable patterns: 2 triangle, and one H&S formation, all
converging
> to...NOW (the last bar on the chart).
> If the actual 1.15 level is broken down, it means that the Head &
> Shoulder is confirmed; objective: 0.95.
> But this happens, automatically the two triangles are broken at the
> downside, wich implies 2 dramatic objectives of respectively...0.36
> and 0.12 for USDJPY !!!
> And...if you change the chart to logarythmic, the triangles are
> already broken.
> So, I expect that if USDJPY does not react NOW, in the very next
> hours or days, to the upside, it is done.
> I could only vaguely imagine WHAT world event could accompany /
> justify such move.
>
> What do you think ? I am interested. My opinion is that USDJPY will
> react now to the upside (which he just did when he touched the 1.15
> level, but for how long)
>
> Carl
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/Lj3uPC/Me7FAA/uetFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|