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is there a nomenclature avalilable for those would-be trapezoids,degenerate(geometricall not pejorative) parellelograms,pseudo-rhombuses,angles  and so forth??-

The charts I posted use the Gann Fans study. Gann fans are fans of vectors starting from a major high or a major low (the October low and the December high in my example) and drawn at pre-determined angles in the direction of the main trend. The lines themselves and especially their intercection points tend to serve as support and resistance zones.

 

See, for instance, this article.

 

Regards,

Vesselin

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just a look to see how that NDX/QQQ volume charts is doing.

 

congesting,

 

looks like a break is needed below that red line..... on big red volume for it to hold...imo

 

just got it, yesy, yes, yes., now hold below the line........please

post-3-1046716023.gif

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That's it for for me for today... Quote.com doesn't work and I can't feed my software.

 

Overall... Short term we are approaching bounce territory (see 15m chart above). Depending on the strength of the bounce (which I think will be weak), we'll know what to expect from the higher timeframes (see 60m chart above).

 

tomorrow...

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