Posted by chartboy on 23rd of Aug 2011 at 10:36 pm
Believe me SSchulman..there is no coincidence whatsoever that
all of these points and projections line up. Everyone of the moves
the markets makes is a "fractal", (a "retracement" or an
"extension"), of a previous move. (That overall concept being know
as "symetry")
Depending on how big of a trader you are...and what security you
are trading in..it is not at all inconceivable that you can
literally "write the charts" to some extents if you so wish and
overall the fundementals and the underlying market support your
general moves.
Glad you enjoyed the charts/explanation!
C
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Believe me SSchulman..there is no
Updated SPY projection chart
Posted by chartboy on 23rd of Aug 2011 at 10:36 pm
Believe me SSchulman..there is no coincidence whatsoever that all of these points and projections line up. Everyone of the moves the markets makes is a "fractal", (a "retracement" or an "extension"), of a previous move. (That overall concept being know as "symetry")
Depending on how big of a trader you are...and what security you are trading in..it is not at all inconceivable that you can literally "write the charts" to some extents if you so wish and overall the fundementals and the underlying market support your general moves.
Glad you enjoyed the charts/explanation!
C