geometry of the midcaps ($MDY)

I like the tops and bottoms of circles … they are pretty powerful and not often used in the technical analysis community.  the reason they work is another subject for another time.  if you would like to know a little bit about their formation and their cyclical (price and time) characteristics hit me on email.

take a look at the mid-caps … perfect hit on Friday of the “top of a circle” and on a daily chart we had 3 very powerful sell patterns hitting at the same time.

watch this for weakness … if it let’s loose and busts thru the to the other side higher then let it breathe for a while and it will come back to 270 for the opportune time to get long.

in the meantime … let’s see if the top of the circle holds, or not.

Main20150208132720

Main20150208133735

square of 9 targets. note - all on axis for major high and lows

square of 9 targets. note – all on axis for major high and lows

2 Comments on “geometry of the midcaps ($MDY)

  1. Hi, I would be very interested in learning more about the use of circles. Also, are there any books, articles or videos relating to Gann techniques and the use of square roots that you would recommend please? Many thanks, Barry

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: