The long term look at the Philadelphia Semiconductor Index has some interesting price angles when looking at Gann fans. Since 2002, price has respected the descending Gann angles and is currently below the closest angle. A move up to this angle should be watched closely. A move above the descending angle would provide a setup for a move up to the next angle. The ascending angles have also influenced price.
Price could easily move down to the 1×32 ascending angle before any upside comes.
The Intel Corporation (INTC) chart is bouncing between the 1×4 and 1×8 ascending angles.
Tags: Gann Angle Fan · INTC2 Comments
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Aaaahhhhhhh…..miss 3 payments and you get a house for free!…LOL!…Rally Rally Rally…blaaaaaa…..hum bug……
notice the possible inverted H&S pattern on QLD, and S&P very small but we could start the “E” wave up tomorrow X my fingers! RALLY ……hummmmmmmm