DHLawrence

DHLawrence

this is such an interesting reversal pattern. check out the trend lines it establishes, if you pull the hat back down (close the pink lines). gap inflated vectors are dotted gap closed vectors in solid lines. whatcha think?

DHLawrence

Each of these gaps looks like it should collapse, just as the island in the sky formation peak could fall back down onto the pattern below.

DHLawrence

That was a pretty hard push off of the floor for the VIX this afternoon. Will it be hard enough to push through the ceiling?... are investor starting to become skeptical on continued growth? The rhythm of this pattern, along with the my feelings of impending doom for the overbought financial markets, have me fairly convinced that the SPX is about to get quite...

DHLawrence Updated 

I feel as though we are approaching a decision point for MO. As this dark pink triangle closes, we will know if it was a bearish continuation pattern. This would encourage me to believe that a recession is really in, and the bear market rally ending, because smokers are always gonna smoke, and only a really bad recession would change that. -OR- If the rebound...

DHLawrence

the pink line will be significant support level... to be tested momentarily.

DHLawrence

I have to believe the crypto will only gain momentum and acceptance in the face of world turmoil. I am looking for the signs of a break from its coupling to the world financial markets. If the covid epidemic resurges post memorial day weekend and brings about the second bottom for the markets, i am looking for bitcoin to become a financial safe haven where...

DHLawrence

We are approaching agreement on the red .236 line of the fib channel. We are also reaching an agreement between the long time support and the .786 fib retracement level of the Covid decline. When either of these fail, we will see the nature of this market. Was may 14th the second bottom? Will or next argument be the yellow .382 of the fib channel as we...

DHLawrence

turn your screen to the right... its like a fancy waterfall! Each major resistance, as set by the peak of a movement, casts multiple rays of support... like a fan. these interlace from both sides. with smaller rays of support nested inside the larger more powerful ones.

DHLawrence Updated 

Hi, I use both the log and normal scales... the both are used and will there fore both generate different angles of support for the bears / bulls. I then correlate the nested series of argument pennants to the fibonacci levels (either horizontal for movement within the mean of the pennant, or at an angle of support for movements near that support). Every time...