31.12 – 2009
Just before New Year Change,
One of kind gartley with british-yen cross occured. Decided to post this because this is not ideal gartley described in the books. Proportions are not correct one, but I had seen this happen pretty often now in recent months over several products and I think it´s worthwhile to pay some attention. What brings additional approvement for it is the fact that my cont. triangle seems to be allways on there when it comes like this.
Hopefully this chart chart looks ok for you, please drop a note if it doesn´t. My charts comes now-on from 30 inch multi-screens (if using not laptop).
It´s been interesting year. Bad news from real life in every manner in the economy, but at the same time stockmarket has been (“advance voting”) performing extremely well. For instance alone AMD chip manufactuter has now over 5x a little over 6 months or so and alone doubled under 2 months.
If you ask my opinion I could estimate a pretty complex flat / lazy 6 months ahead from here but we trade when market brings to us, not what we think, right ? January has been generally reasonble efficent time in the market, either extreme strong bullish or bearish, but perhaps at this time it will not be so volalitet season.
Stay tune, perhaps this version of mixed cont. trinagle & gartley could be worthwile to program also to be one individual setup / pattern inside in the indicator.
As another comment for this “un-identified gartley” pattern, very often when it occures like this next W2 takes ultimate long lasting time to develop before next impulse takes the control (maximum time for it is 9x from W1 time and it´s very, very unusual, long lasting).
Enjoy your New Year Party & Be Well,
Market Geometry
