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Stock Pick! Another pick, let’s redraw the critical level, draw the level at point B. Do you see the different? Resistance get retested again and again before the index break higher. So, it is very important to draw the support and resistance. Picture worth a thousand words.
August 12, 2016 Dow […] Stock Pick! From anyone view, we see the Bullish AB = CD (completed), and Bearish AB = CD (in progress) on ^NYA daily. There is a lot of room at the top.
Picture worth a thousand words See chart for more. August 12, 2016 US NYSE Composite ^NYA
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