well personally I would love the market to push up to minor new
highs, because that would set up a really nice divergence on the 60
min chart with the MACD and a 5th wave. see the chart, a new high
would back test the red trendline and there would be neg div in the
MACD and you would have 5 waves.
Are you referring here to Fib time retracements? If you
follow that, I just heard a very interesting presentation by
newsletter writer, Stan Harley. He is also predicting a top
in the market here.
this hardly seems like a post apocalyptic market....
Posted by macnsc on 13th of Nov 2009 at 12:16 pm
well personally I would love
Posted by matt on 13th of Nov 2009 at 12:18 pm
well personally I would love the market to push up to minor new highs, because that would set up a really nice divergence on the 60 min chart with the MACD and a 5th wave. see the chart, a new high would back test the red trendline and there would be neg div in the MACD and you would have 5 waves.
Not to mention that we
Posted by steve on 13th of Nov 2009 at 12:23 pm
Not to mention that we have timing cylces next week for a high - just being patient here.
Time cycles
Posted by dsomes on 13th of Nov 2009 at 02:09 pm
Steve,
Are you referring here to Fib time retracements? If you follow that, I just heard a very interesting presentation by newsletter writer, Stan Harley. He is also predicting a top in the market here.
What day is the time
Posted by doctormike on 13th of Nov 2009 at 12:53 pm
What day is the time cycle high, Steve?
Lets not forget playing these
Posted by lpwise on 13th of Nov 2009 at 12:30 pm
Lets not forget playing these beautiful intra-day trends is quite lucrative