:: actio-et-reactio ::
amg's market charts and blather
My best visualization of the near term NDX is this Andrews chart (the page will open in a separate window).
If Elliott waves make you seasick, you might consider putting elbow grease into using Andrews pitchforks. The premise is simple: projecting the half-way point between two price extremes creates a map in both time and price. Like a pendulum, price will move between those extremes, and sometimes along the "trendlines". Jumping the track signals a change in plan, at which point one uses prior or new Andrews to create a new map. Users of Fibonacci and Gann will see Andrews as complementary as it often projects similar patterns. As a belt and suspenders approach, traditional TA indicators like RSI, MA, etc, can affirm your observations.
While there are "rules" laid down by Mr. Andrews, his students, and modern users, the best teacher is your constant and consistent use of the tool.
|
moon phases |
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
blather: nonsensical talk.
At times my analysis log, at times sharing what I've learned. Always my own work and views.
Content: amg
Basis: glish & bluerobot
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