It flew right through like it did on the 19th. I guess speculators do not value the channel as much any more as they used to last year. If that's the case we might have to look at other channel indicators. The 100'00'0 seems to be important for example,. Less as support and more as resistance, I guess because it has been spending more time below than above. What do you think of this view?
How should I read the y axis scale? When I look at the US30 of my broker the scale is in USD.
It flew right through like it did on the 19th. I guess speculators do not value the channel as much any more as they used to last year. If that's the case we might have to look at other channel indicators. The 100'00'0 seems to be important for example,. Less as support and more as resistance, I guess because it has been spending more time below than above. What do you think of this view?
How should I read the y axis scale? When I look at the US30 of my broker the scale is in USD.