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    Posted April 11, 2014 by
    ronjaenisch

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    Fattest Lady Continues

     
    A few weeks ago at the top, (point marked as H) in this column it was noted that the fattest lady had sung. This was a textbook sell signal according to Andrews. Then as prices made the point marked S2 a textbook Golden pivot rule sell signal came about.

    At that point those that used Gann methods were jumping for joy as the market was making a head and shoulders pattern. After it broke the neck line a sell signal was achieved according to Gann rules and Andrews followers were laughing all the way to the bank.

    Today the standard target line used by the Gann followers was achieved by the price action, and profits were taken.

    Advanced Andrews technique users are using a different target signal, with which to take profits.

    The reason this is the fattest lady.........and not the fat lady, ..............it is the financial sector.

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