tag:blogger.com,1999:blog-547276048038789798.post7418041876457109669..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 03-21christiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-547276048038789798.post-6965653277545539702013-03-23T22:05:52.061-07:002013-03-23T22:05:52.061-07:00No resolution yet on this one. The green candle i...No resolution yet on this one. The green candle into the close on Friday left us right on the upper bound of this triangle. Right on it! What a grinder!<br /><br />There is an interesting possibility with the larger channel. The midline of the larger channel -- the rally up since 1343 -- intersects the Jaws of Death top trendline right on May 1st, in the upper 1590s.<br /><br />Fifth waves often end with a sharp reversal in mid-channel. May 1st is an FOMC, which would be a great setup for a surprise announcement and a big gravestone doji.<br /><br />This current triangle could break either way, either finishing up 5 of 3, or giving us the c of 4 drop to the lower channel wall.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com