Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2009 by Patrick Mikula All Rights Reserved
The chart below shows the weekly prices for the CRB commodity index. On this chart I have applied three MarketWarrior indicators: the Gann Speed Lines, the Swing Projector and the Stochastic Smoothed. The Gann Speed Lines use 3 points to draw a high low range and then draws the speed lines through the price range divisions. The top in 2008 and the bottom is early 2009 are used to create the high low range. The price has now retraced 1/4 or 25% of the previous range. At this point the Swing Projector is showing a red triangle with a “T” inside. This Swing Projector icon indicates the conditions for a top have been met. Also at this time, the stochastic has had a top close to 100. This all indicates that the weekly chart for CRB index is starting to make a top.
Gann Speed Lines
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