shows price 180 TD further than the March low. Fascinating that the
left shoulder of the head-and-shoulders formation occurred 45 days
into the following 90 day cycle, the head at the 3/4 time line, and
the shoulder finished at the 180 day mark. A new high would negate the
H&S but I would not be surprised to see price drop throughout
December.
The VLE swing chart shows topping action during the past month. Also
note that the high was within one percent of 8 complete square of 9
cycles from the March low. This is another reason not to be surprised
if the high is in.
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*Tags:* Value Line Arithmetic Index (VLE)1 Note
Source: Ptv-investing.com
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