Getting a Jump on a Reversal
As longtime readers will know, I analyze charts utilizing a concept I call "symmetry" -- that is, similarity or equality when comparing swings in the same direction. I mostly use this on price but, on occasion, I also apply them to timing -- and that's certainly the case in today's column.
As you'll see in the following examples, time symmetry on daily or weekly charts may point to a big reversal. (This stands in contrast to symmetry in intraday charts, which can indicate a reversal that's short-term in nature.) After we look at these, I'll make my case for the development of a potentially important low in iShares Barclays 20+ Year Treasury Bond (TLT)....569 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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