Chart Analysis
Chart Analysis uses a combination of technical analysis and cycles to provide insight into the future direction of precious metals, currencies, stock indices and more.
$DJIA #DOW Probable Range for 3-1-17
$DJIA Probable Range for 3-1-17
20852.13 - 21600.00
21600.00 is 8/8 Murrey Math Level on Long-Term $DJIA / #DOW - Levels are as follows:
8/8 - 21600.00
7/8 - 18900.00
6/8 - 16200.00
5/8 - 13500.00
4/8 - 10800.00
3/8 - 8100.00
2/8 - 5400.00
1/8 - 2700.00
0/8 - 0
Above the . . .
$WTI Nearing Resistance
With $WTI showing a probable range of 53.12 - 55.11 for today, it has been steadily creeping near potential resistance.
I have found it useful to utilize lines based on certain angles. As a "base" angle, 3.125, multiples of 3.125, or variations such as 1.5625 have proven useful. These angled lines can be drawn as support or . . .
$GOLD Long-Term Probable Range
$GOLD Long-Term Probable Range
967.00 - 1533.00
Time Period: 283 Months or 23.583333... Years
Note: This range is based on today's probable range of 1218.75 - 1281.25
Devising a Probable Range
Forecasting Daily Prices Ain't Easy
$$\sqrt{10000}$$ $$ = 100 $$
$$\sqrt{100}$$ $$ = 10 $$
10000 / 100 = 100
100 / 10 = 10
One of the first challenges faced in devising a probable range for forecasting prices is the fact that small numbers are inherently more volatile due to square roots.
Prices tend to move in a maximum daily range that equals the . . .
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