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why is blue tinted area drawn like that (2nd measured move down starts from 126.34), not ABC down (i.e. 2nd leg down start from 127)?Cobra wrote:tinted area as text book target. 80% chances.
I see Cobra and I finally agree on something.( i would post some smiles but can't seem to do it) Anyway smile!!!!Cobra wrote:tinted area as text book target. 80% chances.
my secret.90ufo wrote:why is blue tinted area drawn like that (2nd measured move down starts from 126.34), not ABC down (i.e. 2nd leg down start from 127)?Cobra wrote:tinted area as text book target. 80% chances.
Cobra wrote:my secret.90ufo wrote:why is blue tinted area drawn like that (2nd measured move down starts from 126.34), not ABC down (i.e. 2nd leg down start from 127)?Cobra wrote:tinted area as text book target. 80% chances.
Out of Bounds wrote:He's not done!
You better believe it.
99er, in some cases the charts are painfully obvious on direction, and then there is really no need to post the picture. At other times, especially when coming to a juncture of support and resistance lines, it would be interesting to have your comment on what you think will happen. I enjoy a smart-alec one liner more than 99% of the people on this board, but that does not tell us anything of your analysis. Demanding that all post charts is great, but to stimulate a discussion it would be helpful to know your view. Telling somebody to read a charting book does not really do it, especially when we can all look at the same picture and come to different conclusions, and short term to you may be a very long term to me. Thanks in advance for putting your thoughts with the picture. And I do like your pics! People who are on the board all of the time know your current general view on the markets and likely know your thoughts, but a few well chosen words would cement it.99er wrote:BBFinance: "for non TA person"
As recommended here by uempel, John J. Murphy's Technical Analysis of the Financial Markets might be a good read. Buy it at Amazon but use the link at Cobra's.
AAPL has been positive relative to the markets all day, even in pre-market trading. Nothing has changed. It's just iPhone 5 hype.kamukak wrote:aapl up even though market down a lot, so I think we are in process of testing a bottom, once done we should really rally hard next month. We have seen the worst now time to accumulate positions slowly but surely.