The Value Line Arithmetic (VLE) is my main index to watch the action of the total market. The intermediate term range from 2007-2008 shows the 1:2 angle as resistance. Today price bounced off that line again.
The longer term range from 2002-2007 shows price supported by the 1:2 Gann angle and resistance at the 1:1 descending angle. A break of the 1:2 angle would almost certainly bring a new low and a lot of problems.
Tags: Gann Angle Fan · Value Line Arithmetic Index (VLE)No Comments


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