Monday, 19 December 2022

1993 vs 2005 vs now

 1993


2005


2022

see how 16, 35, 92 and 216 are in the same relative positions as in 1993. The 2005 setup was different, 216 already was on a buy signal. 

If the correction stops today we get the same signals as in 1993. If the 16 buys and then the 92 buys we get a double buy, which is better than the 1993 sequence. If the 35 sells the whole setup is ruined and we are back to sideways or down.  

The question is also what if 35 sells and then 92 buys followed by a 35 buy. I think we buy the second close above the red trendline for a strong rally (but not the bull market). 



No comments:

Post a Comment