Friday, August 3, 2012

Charts 8-03: channels everywhere

Preferred count for the coming week is that we make it all the way up to the top of the channel and new  stupid highs at 1430.  If it's choppy and uneven this week, and it takes us too long to break through overhead resistance, we could end mid-channel at 1406 instead.

Working on some more charts, cycle analysis, and trying to get my phi-mate turn generator code in order.  That should be good for a couple of more posts this weekend.

New highs, please

2 comments:

Bicycle said...

Amazing comment from Steve's latest:

"Currency is a futures contracts on petroleum. Credit represents the unsupportable burdens of past consumption/waste."

http://www.economic-undertow.com/2012/08/04/notes-on-currency-excess/

christiangustafson said...

Funny! I read that today and was looking for an excuse to post that same quote somewhere.

Steve Ludlum, Dmitri Orlov, and Reverse Engineer over at the Doomstead Diner, they are all worth your time these days.

You're in the Illinois, right?

It appears that heroin is making the rounds lately in my old stomping grounds in northern Illinois. Oh goody.