Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, February 15, 2011
SSEC China Sideways Symmetrical Triangle
China chart showing a sideways symmetrical triangle running price out sideways and this week it is now sitting at the top rail. The similarity to the dollar chart is striking, with the two moving inverse to each other. Thus, watch the dollar, if it moves up, commodities move down and China moves down, and visa versa. Watch closely to see if the top rail spanks it back down over the coming days. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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