Ron Jaenisch's  Instablog

Ron Jaenisch
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A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at www.andrewscourse.com and www.precisiontrader.com
My company:
RCS
My blog:
precisiontrader
My book:
Advanced Andrews Course Manual
  • Topping Pattern In NASDAQ 0 comments
    Dec 13, 2013 11:00 AM | about stocks: SPY

    (click to enlarge)

    The Nasdaq pattern is one of my favorites.....A Christmas tree. Yes tis the season......But there are actually specific geometric rules for measuring the probable top area.

    Recently the Nasdaq went into the topping area and reversed. It was the last of the three major indices to show a top.

    (click to enlarge)

    Very few people will believe it until the market is in what is referred to as the third wave down, or there is an accelerated first wave down. This could take weeks or even months. ......Stay tuned.

    Disclosure: I am short SPY.

    Stocks: SPY
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