Right Time for $AIG? $XLF

September 6, 2012

Some people see a cup-and-handle on the daily $AIG chart below (May – present).

Based on statistical observations, such pattern is bullish with a projected objective: high of the handle + cup depth.

Is now the best time to enter long $AIG?

The daily haDelta (heikin-ashi)  says not yet.

What does a higher time frame show?


Right Time for $AIG?   $XLF   9/5/2012


The weekly haDelta (heikin-ashi) chart sends the same message: Not yet.

It’s worth noting (again) the explosive price action following a crossing haDelta :: SMA(3).

Who can still ignore the power of heikin-ashi?


Right Time for $AIG?   $XLF   9/5/2012

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