Focusing on JOY
After looking at the weekly chart in Google (GOOG) helped give us a big heads-up on that low in June, I decided to look at more stocks on the weekly chart. The one I want to focus on today is Joy Global (JOY). But let's take one more look at GOOG on the weekly chart first.
In GOOG, the heads-up came from what I call TIME symmetry. I noticed that not only was GOOG moving into another key support decision on that chart, but the decline was similar in time (symmetry) to some of the prior declines. On the weekly chart, I have illustrated that the declines were similar because they were 22-25 weeks long. This, along with the timing I had on the daily chart, gave us that heads-up in GOOG in mid June for a possible tradable low. You can refer to my prior article on that one. We have seen a $92.86 rally in GOOG since that low was made....200 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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