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Strategies & Market Trends : Waiting for the big Kahuna

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To: robert b furman who wrote (94570)12/6/2016 9:17:08 PM
From: William H Huebl  Read Replies (1) of 94614
 
I don't know whether you can get the chart in the link below.

VTX is the vortex indicator and I have drawn red lines eventually coming to a point in the future which are at the top of the red (-VI) moves and bottom of the green (+VI) moves. When the trend line(s) is/are broken, that is an indication that the move has completed and I would expect a sell-off at that point.

BWDIK

schrts.co

Another indication the move is almost over for cnnx is that all 3 type point and figure charts = traditional, percentage and atr show little possibility imho of a move up any more. In fact, atr shows the significant overhead that price needs to get through to go on to bigger and better things. It does show the possibility of a bit more on the upside, tho. But I wouldn't want to be the presidency on it (heehee).

Compare those PnFs to SPY and you will see a clear bull move up underway with no overhead.

As always, my own opinion with no guarantees and not an offer to sell, buy, or otherwise trade any stocks or other vehicle. I am not registered as such and you cannot depend on my observations to be other than IMHO.

Is that a CYA or what?
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