again coil patterns, bull flags etc worked 100 years ago and
still do today - it's all just a visual representation of mass
psychology human emotion in that instrument, that doesn't really
change over time
Posted by timebandit on 13th of Dec 2022 at 01:51 pm
No disrespect, but a pattern is a pattern. Candlestick trading
patterns were developed by Homma in the Osaka rice markets in the
1700s and are still relevant today.
yep humans were just as emotional back then as they are today -
never changes, technical patterns are simply a visual
representation of said emotions that technicians have derived
Posted by fredsaid on 15th of Dec 2022 at 12:02 pm
Sorry it wasn't a GE chart it was GF - General Foods from Peter
Brandt from 1931. Thanks clo8888 ! $$$ post. Even if
this plays out there is either a Santa Rally or maybe a 1st week in
Jan rally which looks plausible. If we close below 3913 today
I think the next stop is to fill that gap around 3750 and then
maybe we get that final rally in a few weeks.
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From Peter Brandt
Posted by chlo8888 on 13th of Dec 2022 at 01:37 pm
From Peter Brandt
Very interesting chart/view indeed ...
Posted by fredsaid on 13th of Dec 2022 at 02:14 pm
Very interesting chart/view indeed ... if it follows then today was the final blow off top - I think I saw ES at like 4140 pre-market.
Give me a break. He's
Posted by mastermind on 13th of Dec 2022 at 01:41 pm
Give me a break. He's got to go back to 1931 to find a matching chart pattern and thinks that is relevant 91 years later?
again coil patterns, bull flags
Posted by matt on 13th of Dec 2022 at 02:17 pm
again coil patterns, bull flags etc worked 100 years ago and still do today - it's all just a visual representation of mass psychology human emotion in that instrument, that doesn't really change over time
No disrespect, but a pattern
Posted by timebandit on 13th of Dec 2022 at 01:51 pm
No disrespect, but a pattern is a pattern. Candlestick trading patterns were developed by Homma in the Osaka rice markets in the 1700s and are still relevant today.
yep humans were just as
Posted by matt on 13th of Dec 2022 at 02:09 pm
yep humans were just as emotional back then as they are today - never changes, technical patterns are simply a visual representation of said emotions that technicians have derived
Sorry it wasn't a GE
Posted by fredsaid on 15th of Dec 2022 at 12:02 pm
Sorry it wasn't a GE chart it was GF - General Foods from Peter Brandt from 1931. Thanks clo8888 ! $$$ post. Even if this plays out there is either a Santa Rally or maybe a 1st week in Jan rally which looks plausible. If we close below 3913 today I think the next stop is to fill that gap around 3750 and then maybe we get that final rally in a few weeks.