Here is a good example of a trend day up. All day up, if you will. Low of day was POC, 1963, then 5 waves up, 3 waves down, resistance at 1984 became support in a classic TEST2, if you back it up you can see that 1984 was the midswing confirming the double bottom at 1951. More gains after 1992.75 taken out and a weak test of 2005 next resistance.
Monday, May 12, 2008
Trend Day Monday
Here is a good example of a trend day up. All day up, if you will. Low of day was POC, 1963, then 5 waves up, 3 waves down, resistance at 1984 became support in a classic TEST2, if you back it up you can see that 1984 was the midswing confirming the double bottom at 1951. More gains after 1992.75 taken out and a weak test of 2005 next resistance.
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