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Keep an Eye on what is Happening in China ...
Something big is close to happening on China's Shanghai Composite Index.
Take a look at today's posted chart on the Shanghai Composite, and you will see that there is a huge triangular pattern going back to 2005.
The support and resistance lines both have 3 touch points and the triangular pattern is VERY close to its apex. The apex is the convergence point of its support and resistance lines, and that is where a triangular breakout will occur.
This pattern is huge due to its time duration in forming, and the rule is ... the longer the time period in a pattern, the bigger the breakout that occurs.
This pattern is so large, that its breakout should affect other international indexes, and the Shanghai's proximity to the apex is suggesting that an important event is very close at hand.
Please click this link to go to the website with today's update:
http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm
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狗仔卡
发表于 2011-11-15 02:28 PM
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