Jun

17

I'm not a technician so I may have this completely off, but the Baltic Dry Index is making 12 month lows coming off a head and heck. I'm told that my suggestion of the HAN is off because the decline wasn't immediately after the right shoulder and the necklines were declining, but it makes me wonder about China.

John Bollinger writes: 

The point of studying such formations is to identify the underlying psychology and then act on it if appropriate. Perhaps, a core understanding might help? Richard Schabacker, Humphrey Neill, John Magee and Richard Wyckoff are a few of the authors that might throw some light on the matter for you.

Best,

John


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