lower lows on Dow and SPX than Monday, wave 2 completed at
1104.
Or how about this, looking at the 60 minute chart was 1104 the
top of wave 4? is this just the final wave 5 of 1 down from
1150??
Consider that at 1104 that wave was 51% retrace of a wave 3 down
to Monday's lows, and just over 38.2% of the whole decline from
1150.
Also if wave 1 was some 20 points then this could be wave 5 as
it is a bit more than 1.618X wave 1 at current lows at 1069.
Just a thought. Wow goldtrader, we think alike!!
p.s. why does steve and matt's internet connections always have
problems on super volatile days? Did you guys tweak someone over at
Homeland Security or the NSA?
Groups do not want competitors in making money, so they attack
weak links. So far, weak links seem to be computers for Matt and
Steve for this site. I don't find this coincidence ironic at
all.
lower lows on Dow and
Quick Comment (update)
Posted by perthx on 4th of Feb 2010 at 11:48 am
lower lows on Dow and SPX than Monday, wave 2 completed at 1104.
Or how about this, looking at the 60 minute chart was 1104 the top of wave 4? is this just the final wave 5 of 1 down from 1150??
Consider that at 1104 that wave was 51% retrace of a wave 3 down to Monday's lows, and just over 38.2% of the whole decline from 1150.
Also if wave 1 was some 20 points then this could be wave 5 as it is a bit more than 1.618X wave 1 at current lows at 1069.
Just a thought. Wow goldtrader, we think alike!!
p.s. why does steve and matt's internet connections always have problems on super volatile days? Did you guys tweak someone over at Homeland Security or the NSA?
Groups do not want competitors
Posted by junkie on 4th of Feb 2010 at 12:07 pm
Groups do not want competitors in making money, so they attack weak links. So far, weak links seem to be computers for Matt and Steve for this site. I don't find this coincidence ironic at all.
junkie - that post is
Posted by steve on 4th of Feb 2010 at 12:11 pm
junkie - that post is worthless and makes me angry. Please attempt to keep the blog productive.
I have posted many scenarios over the past few days concerning the market so please spare me such comments.