Tuesday, March 29, 2011


It is now clear that the reaction ended today at the 1305 level. Upon closer inspection of Box A in the previous chart, it was actually 16 points, far enough from the approximation of 20 points to be of consequence. An equal reaction in Box B would have yielded a 1304 target. It pays to be precise. This outcome demonstrates how accurate a simple box analysis can be.

1 comment:

  1. thanks, good to see you back!
    looking forward to read your excellent patterns posts.