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Tea Cup and Handle Chart Formation?
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maydel
Posted 11/14/2012 14:10 (#2696899 - in reply to #2694711)
Subject: winger


Theodore, Saskatchewan
Here is the chart with the large fork. Interesting, the recent drop reversed off the bottom line, however earlier at the bottom it is unfortunate that it went sideways and flirted with the bottom line so long, from recent chart tracks that is a warning, also because it returned to this line without continuing up leaves ????? to the real strength of this market, a move below 31 and the bottom line would be my sign to go short or get out. Perhaps it needs more time, or like you are asking, if it does get legs off this line and move up the target will be the next line or roughly 51 - 52 depending on time.





(Fullscreen capture 14112012 10559 PM.jpg)



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