The Big Boys, page-822

Hi Doubleup, thanks for the note. ALL has been on a Watchlist of mine for further analysis. I haven't quite got round to it, but had a scan of the chart just now.

Are you suggesting this is one of those Harmonic Patterns (Butterfly, Gartley etc)? I'm not sure. If it is, I'm not sure its the dominant tool anyway I'd use at the moment. (I don't use RSI btw, so can't assess that).

ALL is a really interesting chart. It goes on long trends up and down. I've reviewed it previously but didn't jump on the current bull phase. It has now hit the previous All Time High from back in Feb 2007 so very interesting what happens here.

It will be a great short when it turns, but for the moment its still sitting above a Weekly Trend Line (on my rules) and so until that breaks I don't think I'd go short of it. It's getting quite steep though.

Also, that general sideways move since July2016 means its had a fair bit of consolidation so could still push up from here yet. It remains me a bit of the DMP Weekly chart if you have a look at its consolidation from Dec15 to Apr16, similarly sitting above a Trend Line, before it pushed on further. So I'd want more evidence of any turn.

I'm interested in your analysis?