tonghu wrote:hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?
Cobra wrote:multiple supports around here, let's see. I still think more up ahead.
it shouldn't be the log-scale chart, but to save time, I just disregard that. Trading is not science as long as you know my forecast, that should be enough.
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Key time, anytime revisit the previous high there's a chance blah blah, you know. I need see more bars, I'm not bearish yet. Hey who's the one wish for the higher high? You wish is true now, just a few cents higher but hey, you didn't say how high you want.
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tonghu wrote:hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?
Cobra wrote:multiple supports around here, let's see. I still think more up ahead.
it shouldn't be the log-scale chart, but to save time, I just disregard that. Trading is not science as long as you know my forecast, that should be enough.
as long as the green line below is not decisively broken, bulls should be fine. I'm still bullish biased.
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Cobra - what do you think about wave c of 4 (starting 8/22) is an Ending Diagonal. ED's have overlapping waves. We are in wave 3. Wave 4 should overlap with 1. Target = 1228 in about a week. Then Wave 5 down hard. 1010?
Cobra wrote:Key time, anytime revisit the previous high there's a chance blah blah, you know. I need see more bars, I'm not bearish yet. Hey who's the one wish for the higher high? You wish is true now, just a few cents higher but hey, you didn't say how high you want.
Hi Cobra, I said to make it higher AND HIGHER. So please keep working on it. Thanks.
Chrys wrote:Cobra - what do you think about wave c of 4 (starting 8/22) is an Ending Diagonal. ED's have overlapping waves. We are in wave 3. Wave 4 should overlap with 1. Target = 1228 in about a week. Then Wave 5 down hard. 1010?
no idea. I think the current rebound is just an ABC zigzag, and that's why I gave the Measured Move target earlier.
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cannot believe bulls losing momentum this fast, but still as long as the green line hold or not decisively broken, then bulls are OK, otherwise, we'll have to see.
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Greece 10 year bond yields exceeded their ALL TIME HIGH today (but backed off a bit). Think that explains Europe being down so much before our markets took off this morning.