Most Fridays I do a chart for dshort.com, based upon the “Joe Friday” theme from the dragnet show. Below is the chart from his site.
CLICK ON CHART TO ENLARGE
These flag/pennant patterns have taken a few years to form. Home Construction/Real Estate broke down before the broad market did in 2007 and for some reason… how China does might impact the world!
Flag/Pennant patterns breakouts/breakdowns suggest a big move is ahead…with both breaking down at the same time, this is a “fact” investors might want to pay attention too!
Am honored by your viewership and Thank you for your kind words.
Yes you may post these charts on your blog.
All the best,
Chris
Hi love the site and the great charts.Is it ok to post charts on my blog,with acknowledgement of the source ? cheers