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Friday, August 14, 2009

The Running B Triangle (Updated 5:20PM)


Look at the MACD and stochs on my 4 hour e-mini chart. Big positive divergence in my estimation. Cannot be ignored.

This chart actually accounts for all the short term madness in the squiggles. Impossible to count triangle waves for two+ weeks.

You know this means Monday we start wave C up.

The thing I don't like about the chart is the [a] wave looks a bit contrived. But non-obvious triangles are what works best. I haven't seen anyone count this yet.

The mid-April "correction" was almost exactly this pattern.
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