thanks for your charts. what does VWMV mean and do you feel it will go to 27 by april17?
Libertas91
⋅
@Ginossim, VWMV is the Volume Weighted Market Value. My charts are based on the philosophy that value is a range not a point, and that the market is a voting machine. Essentially I'm applying the electoral college math to price and volume. The product becomes a fairly reliable set of support and resistance lines. The math helps me trade week to week,so making predictions is out for me, but I believe we're in the beginning of a bear market and this recent rally will fail.
Littlepeater
⋅
does this mean I should long the shorts?
Libertas91
⋅
@Jhnlxprk, that’s my bet, especilly after observing the Fibonacci retracement on the DJIA.