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measured move.agnosia wrote:ok i am back from my nap.... cobra what is the measured move down from the bear flag? by my calculations it is 1322-((1340-1310)*.5)= 1307Cobra wrote:still no clue what the market is doing. chiosc is low again and the chart still looks like a bear flag breakdown so i'll assume more on the downside, just cannot explain chiosc will do here.
is that how u calculate it as well?
More selling to come.cletus wrote:Come next week I guarantee you everyone who is short or in cash will have wished they took the opportunity to get long this week on this selling.
That is a very strong statement.cletus wrote:Come next week I guarantee you everyone who is short or in cash will have wished they took the opportunity to get long this week on this selling.
Gabor, if you use channels and ellipses wisely and together with other indicators you won't have to end your life like JL! As to speculation - I guess the first speculators were sumerians and lived 5000 years ago. And the Chinese might have speculated even earlier - ask Cobra about the history of speculation in China!gabor wrote:The problem with channels and the ellipse is that many ellipses can be drawn. Some of them support the bullish while others support the bearish view. You can never be sure. Trading is an art rather than science, I agree. A warning fact is that even the most succesfull trader (father of market speculation) ever lived in the history failed in the end of his life. See Jesse Livermoore.uempel wrote: Anaconda, as far as I know it's just a phenomenon. I presume there is a scientific rationale, but I'm not aware of it (most indicators have a logical background).
For practical use it's an addition to channels - and of course it works on all time frames. An ellipse on a weekly or monthly chart offers strong support/resistance. Here a sample which shows the importance of where SPX is right now:
I'm with Cletus on that but not necessarily regarding the strength of the move.BullBear52x wrote:That is a very strong statement.cletus wrote:Come next week I guarantee you everyone who is short or in cash will have wished they took the opportunity to get long this week on this selling.
I heard Cobra's ancestor is the first speculator in Mars :roll:uempel wrote:Gabor, if you use channels and ellipses wisely and together with other indicators you won't have to end your life like JL! As to speculation - I guess the first speculators were sumerians and lived 5000 years ago. And the Chinese might have speculated even earlier - ask Cobra about the history of speculation in China!gabor wrote:The problem with channels and the ellipse is that many ellipses can be drawn. Some of them support the bullish while others support the bearish view. You can never be sure. Trading is an art rather than science, I agree. A warning fact is that even the most succesfull trader (father of market speculation) ever lived in the history failed in the end of his life. See Jesse Livermoore.uempel wrote: Anaconda, as far as I know it's just a phenomenon. I presume there is a scientific rationale, but I'm not aware of it (most indicators have a logical background).
For practical use it's an addition to channels - and of course it works on all time frames. An ellipse on a weekly or monthly chart offers strong support/resistance. Here a sample which shows the importance of where SPX is right now:
don't you multiply by .5 though? this according to bukowski's.Cobra wrote:
measured move.
i always use his %.agnosia wrote:don't you multiply by .5 though? this according to bukowski's.Cobra wrote:
measured move.
http://thepatternsite.com/flags.html
gotcha, i am used to /es not spy so it looks different.... i am short from 1315... we'll see if the bears can do some good ....soku wrote:i always use his %.agnosia wrote:don't you multiply by .5 though? this according to bukowski's.Cobra wrote:
measured move.
http://thepatternsite.com/flags.html
i see 1306 strong support
Bon Appetite and see you later.uempel wrote:Bye guys, I'm hungry (no mice and frogs) and thirsty (I guess a beer).
isn't that due to the 2 yr auction?StrikePrice wrote:Last 45 mins saw a big move up in TLT to retest today's high. Must keep an eye on this...