When these price targets are met, are you considering some kind
of minimum time retracement as well? ie. We've gone up for
many months non-stop and we are meeting our sell-off targets in a
matter of hours. I find it hard to think that the market will
be done its correction after only a few days. Not sure if
this is actionable insight, but since the tight bollinger bands
didn't result in a "large move" -- although it did rally for about
four weeks, that perhaps that was the fakeout move and the "large
move" is about to hit us right now and open those bollinger bands
way up with a prolonged move to the downside.
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Time aspect?
S&P 500 30 min chart
Posted by kalinm on 21st of Jan 2010 at 12:33 pm
Matt,
When these price targets are met, are you considering some kind of minimum time retracement as well? ie. We've gone up for many months non-stop and we are meeting our sell-off targets in a matter of hours. I find it hard to think that the market will be done its correction after only a few days. Not sure if this is actionable insight, but since the tight bollinger bands didn't result in a "large move" -- although it did rally for about four weeks, that perhaps that was the fakeout move and the "large move" is about to hit us right now and open those bollinger bands way up with a prolonged move to the downside.