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if that occurs, the timeframe bottom will be options exp 10/22 or so
Options expire ont he 16th.
I view timing as secondary to price but feel it's worthwhile to point out when there are symmetrical relationships.
"I view timing as secondary to price..."
whereas Gann said: “Time is more important than price; when time is up price will reverse.”
I like your chart just the same. While we can certainly see the SPX just keep going higher, I think this chart make a great case for a top today.
Well Perthx the problem with Gann's statement is identifying the timeframe that is going to produce such a reversal. When you have that answer let me know.
is not being confirmed by stoc's , etc..............
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26 day reversal
Quick Note
Posted by vaellen on 5th of Oct 2010 at 12:49 pm
if that occurs, the timeframe bottom will be options exp 10/22 or so
Options Expiration
Posted by mdgfain on 5th of Oct 2010 at 01:36 pm
Options expire ont he 16th.
I view timing as secondary
Posted by steve on 5th of Oct 2010 at 01:01 pm
I view timing as secondary to price but feel it's worthwhile to point out when there are symmetrical relationships.
Steve you are opposite to Gann
Posted by perthx on 5th of Oct 2010 at 01:29 pm
"I view timing as secondary to price..."
whereas Gann said: “Time is more important than price; when time is up price will reverse.”
I like your chart just the same. While we can certainly see the SPX just keep going higher, I think this chart make a great case for a top today.
Well Perthx the problem with
Posted by steve on 5th of Oct 2010 at 01:36 pm
Well Perthx the problem with Gann's statement is identifying the timeframe that is going to produce such a reversal. When you have that answer let me know.
also todays move UP
Posted by vaellen on 5th of Oct 2010 at 01:12 pm
is not being confirmed by stoc's , etc..............