The Intraday US Stock Market Discussion Board
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These "powerfull" people (Merkel, Sarko, Berlusconi....) are having a nice diner, then first press conf should be 10pm here... so in 45 min...tdo722 wrote:Yes of course.
When are they going to announce it?
Uhhhhhh. One thing at a time and I am already overloaded. I am interested~! Just preoccupied. Thanks,I will look into it when I recover. HAHAHA!cougar wrote:This is part of something called "Murrey Math". There are some books and detailed explanations of it on the internet...The system is derived from Gann's original idea that "moves" within well-defined trends can be divided in 8 steps, where the whole move is an "octave“…like in music. Each step has a specific value: 2/8 and 6/8 are either support/ or resistance/ :reversal, while 4/8 is a central pivot. I use them "non-dogmatically"...TWJ wrote:Can you point me to understanding of octave stuff? THX!cougar wrote:SPY: the new octave in action.
The whole thing is actually more complicated...Important: it is not based on Fibonacci ratios evolutions.
ah, count it as fulfilled. you don't expect it to exactly hit the target, do you? If I can make it exactly as I said, I'd be very rich now.noob wrote:Oh ok thanks. Thought below the blue tainted area was the target.Cobra wrote:I didn't give target.noob wrote:Thanks! We seem to be settled at 1240 area waiting for the official announcement.Cobra wrote:no change. everything goes as planed. wo ha ha ha ha ....noob wrote:Hi Cobra,
You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?
Thanks.
The ultimate target is 1190 to 1200 still?
I think Euro zone problem is very easy to solve.frankthetank wrote:What announcement. They didn't do anything at the euro meeting. This market is robo bull
Much appreciated Cobra! So the evil plan is: leg 1 down fulfilled, this is leg 2 up, looking for leg 3 down?Cobra wrote:
ah, count it as fulfilled. you don't expect it to exactly hit the target, do you? If I can make it exactly as I said, I'd be very rich now.
Cobra wrote:I think Euro zone problem is every easy to solve.frankthetank wrote:What announcement. They didn't do anything at the euro meeting. This market is robo bull
they buy stocks, then say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
then they say, no, we have very bad news, the market tanks, they cover everything then long.
then they say we're going to announce very good news, the market then up, they sell everything then short.
... ... Skip the next millions lines here. You should get the picture now.
yes, but the current up leg cannot make a decisive new high, otherwise we need a new plan.noob wrote:Much appreciated Cobra! So the evil plan is: leg 1 down fulfilled, this is leg 2 up, looking for leg 3 down?Cobra wrote:
ah, count it as fulfilled. you don't expect it to exactly hit the target, do you? If I can make it exactly as I said, I'd be very rich now.
