Friday, December 7, 2012

How do most Trend Changes look?

market goes up, keeps bouncing on a TL  -- the TL slope increases.... then

TL breaks clearly on 5 or 15 min. chart.... fast drop -- but wait -- there's a bounce  -- rally is not over?

market climbs to form a double top -- perhaps up to the TL break area.... then ....

drop... fast drop... consolidation.... more droppage...  fast and furious... the 2 or 3 day drop takes back days of climb.  

It's a slow process.

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