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February 5, 2010 at 11:07 AM #510615February 5, 2010 at 11:11 AM #509730ArrayaParticipant
To far below 9800 and the next avalance is released, bounce on 9800 and you get another nice buy rally.
February 5, 2010 at 11:11 AM #509878ArrayaParticipantTo far below 9800 and the next avalance is released, bounce on 9800 and you get another nice buy rally.
February 5, 2010 at 11:11 AM #510290ArrayaParticipantTo far below 9800 and the next avalance is released, bounce on 9800 and you get another nice buy rally.
February 5, 2010 at 11:11 AM #510382ArrayaParticipantTo far below 9800 and the next avalance is released, bounce on 9800 and you get another nice buy rally.
February 5, 2010 at 11:11 AM #510635ArrayaParticipantTo far below 9800 and the next avalance is released, bounce on 9800 and you get another nice buy rally.
February 5, 2010 at 1:25 PM #5098194plexownerParticipant[img_assist|nid=12730|title=Point & Figure chart of Dow|desc=|link=node|align=left|width=500|height=260]
I’ve been playing with Point & Figure charts lately – they collapse volatility and make it easier to see the big picture
This chart looks a little funky because I’ve scrunched the bars together to get more data in – it goes back to ’98
If the rally has now ended, it failed to retrace 61.8% of the previous decline – that might or might not mean anything but the 61.8% level would have been a more ‘normal’ place for a healthy pullback to occur
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets assuming the Dow continues down from here – 38.2% gets us to 7788 (there’s support around 8100 as well) – 61.8% takes us to 5971 where we could bounce off the trendline going back to ’98 – this is the same trendline that caught the Dow at 6600 last year – 100% takes us to Dow 3000
February 5, 2010 at 1:25 PM #5099674plexownerParticipant[img_assist|nid=12730|title=Point & Figure chart of Dow|desc=|link=node|align=left|width=500|height=260]
I’ve been playing with Point & Figure charts lately – they collapse volatility and make it easier to see the big picture
This chart looks a little funky because I’ve scrunched the bars together to get more data in – it goes back to ’98
If the rally has now ended, it failed to retrace 61.8% of the previous decline – that might or might not mean anything but the 61.8% level would have been a more ‘normal’ place for a healthy pullback to occur
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets assuming the Dow continues down from here – 38.2% gets us to 7788 (there’s support around 8100 as well) – 61.8% takes us to 5971 where we could bounce off the trendline going back to ’98 – this is the same trendline that caught the Dow at 6600 last year – 100% takes us to Dow 3000
February 5, 2010 at 1:25 PM #5103794plexownerParticipant[img_assist|nid=12730|title=Point & Figure chart of Dow|desc=|link=node|align=left|width=500|height=260]
I’ve been playing with Point & Figure charts lately – they collapse volatility and make it easier to see the big picture
This chart looks a little funky because I’ve scrunched the bars together to get more data in – it goes back to ’98
If the rally has now ended, it failed to retrace 61.8% of the previous decline – that might or might not mean anything but the 61.8% level would have been a more ‘normal’ place for a healthy pullback to occur
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets assuming the Dow continues down from here – 38.2% gets us to 7788 (there’s support around 8100 as well) – 61.8% takes us to 5971 where we could bounce off the trendline going back to ’98 – this is the same trendline that caught the Dow at 6600 last year – 100% takes us to Dow 3000
February 5, 2010 at 1:25 PM #5104744plexownerParticipant[img_assist|nid=12730|title=Point & Figure chart of Dow|desc=|link=node|align=left|width=500|height=260]
I’ve been playing with Point & Figure charts lately – they collapse volatility and make it easier to see the big picture
This chart looks a little funky because I’ve scrunched the bars together to get more data in – it goes back to ’98
If the rally has now ended, it failed to retrace 61.8% of the previous decline – that might or might not mean anything but the 61.8% level would have been a more ‘normal’ place for a healthy pullback to occur
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets assuming the Dow continues down from here – 38.2% gets us to 7788 (there’s support around 8100 as well) – 61.8% takes us to 5971 where we could bounce off the trendline going back to ’98 – this is the same trendline that caught the Dow at 6600 last year – 100% takes us to Dow 3000
February 5, 2010 at 1:25 PM #5107244plexownerParticipant[img_assist|nid=12730|title=Point & Figure chart of Dow|desc=|link=node|align=left|width=500|height=260]
I’ve been playing with Point & Figure charts lately – they collapse volatility and make it easier to see the big picture
This chart looks a little funky because I’ve scrunched the bars together to get more data in – it goes back to ’98
If the rally has now ended, it failed to retrace 61.8% of the previous decline – that might or might not mean anything but the 61.8% level would have been a more ‘normal’ place for a healthy pullback to occur
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets assuming the Dow continues down from here – 38.2% gets us to 7788 (there’s support around 8100 as well) – 61.8% takes us to 5971 where we could bounce off the trendline going back to ’98 – this is the same trendline that caught the Dow at 6600 last year – 100% takes us to Dow 3000
February 5, 2010 at 1:41 PM #509829daveljParticipant[quote=4plexowner]
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets [cut off][/quote]
I checked my dogs’ poopie and it suggested 750 on the S&P before the end of the year. But their poopie has led me astray before. That and it smells.
February 5, 2010 at 1:41 PM #509977daveljParticipant[quote=4plexowner]
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets [cut off][/quote]
I checked my dogs’ poopie and it suggested 750 on the S&P before the end of the year. But their poopie has led me astray before. That and it smells.
February 5, 2010 at 1:41 PM #510389daveljParticipant[quote=4plexowner]
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets [cut off][/quote]
I checked my dogs’ poopie and it suggested 750 on the S&P before the end of the year. But their poopie has led me astray before. That and it smells.
February 5, 2010 at 1:41 PM #510483daveljParticipant[quote=4plexowner]
Using a Fibonacci expansion of the decline and the subsequent rally we can project to the downside and find some possible targets [cut off][/quote]
I checked my dogs’ poopie and it suggested 750 on the S&P before the end of the year. But their poopie has led me astray before. That and it smells.
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