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I think retracements need to be used with chart knowledge.Trades with cats wrote:Fib Levels
Adam Grimes, who now has a pay site he pushes when not obsessing over food on twitter, did a large computer study across multiple futures markets to test fib levels. He found them to not be accurate but did find retracements commonly exceeded 50% (not a real fib level) but stopped between 66 and 75% or so. Because of their popularity I personally think it gets into the self fulfilling prophecy category.
fehro wrote:SPY 5m H&S LOD goes target is 269,85 not sure.. would need VIXes to go
not today please...I am hoping market to close big green and then go big red next week!fehro wrote:fehro wrote:SPY 5m H&S LOD goes target is 269,85 not sure.. would need VIXes to go
crazy man target is the inflation Spike low from Wed buckle up
bears want gravestones inv hammers.. then gap down Tues.. max pain no one out no one inJunior Buffett wrote:not today please...I am hoping market to close big green and then go big red next week!fehro wrote:fehro wrote:SPY 5m H&S LOD goes target is 269,85 not sure.. would need VIXes to go
crazy man target is the inflation Spike low from Wed buckle up