Out on stop. Stop too close, breakout looking for buyers, don't fight the fed, etc. Thought I would post one for a change.
Being the zoo keeper hasnât responded, The measured target is taken from the first swing break of the HOD/LOD. In the example chart, the HOD was 1293. The first swing break of that high is the 1290.50 tail of the 7:15AM bar. 1293 minus 1290.50 = 2.50 points. 2.50 points X 2.618 = 6.50 rounded. From the high of day 1293.00, subtract 6.50 for the emg target of 1286.50 It is nothing more than standard fib levels found on any standard charting platform disguised as some secret sauce to appear knowledgeable. Take that as you may.
eur.usd breaking from a bull flag. goog going green, cl flattening at -.90, finnies turning green(er), dtx breaking out of wedge.
he sent a pm, got tired of the slaggin he was getting,lot of bitchin n moaning on here last week, hopefully the full moon effect has worn off and we get back to trading,he took the 93 -90 and that was 100% move then did a fib calc and came up with low number,like all ,sometimes it works, sometimes..
I miss him so much specially this: I have my forecast S&P 500 bottom between 450 - 550 before spring 2011 40 or so trading days left until Spring, so I am going to buy a shitload of puts, just in case... Edit: Disclaimer: This will be my very last post on the subject, so noone's little heart gets hurt...