I have observed that when using two moving averages a leg forms
two equal sections with the averages moving togeather in the
center. I call it the Mae West pattern.
The daily S&P chart posted by Matt below has a mature
version of this pattern. This would imply that the next leg (down)
would be starting in this time frame.
Common Chart Pattern
Posted by jroger on 2nd of Feb 2011 at 10:33 am
I have observed that when using two moving averages a leg forms two equal sections with the averages moving togeather in the center. I call it the Mae West pattern.
The daily S&P chart posted by Matt below has a mature version of this pattern. This would imply that the next leg (down) would be starting in this time frame.
please can you put a
Posted by lg on 2nd of Feb 2011 at 10:38 am
please can you put a chart
thxs