dimpledbrain

The conceptual framework for a man's search for meaning

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FBMKLCI

April 9th, 2020 by dimpledbrain

  1. From our last update, I drew an arbitrary line of 1000, noting to myself that’s the line to watch (ahead of time). As you can see that line turned to #1 above, at about 1200.
  2. We also noted that the 2007/08 long term support line is at 700/800. So that forms our longest term support line/
  3. So what’s ahead of us.
  4. We observe a cluster of supports around 1325 (marked #2 above). This will form an intermediate support level (which needs to be tested, i.e if it is successful, the line will hold. Else it will become an intermediate resistance line)
  5. #3 is where we draw a line ahead of time to see the maximum of how far this current momentum can carry through. (before any change of behaviour)
  6. So we know where the lines are much ahead of time and what we do now is just to wait patiently, like a sniper.

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