Discussion in 'Trading' started by Port1385, Nov 3, 2008.
If you repair the chart so that the scale is available, maybe a few of us would reply.
Invert the obvious, and approach the truth.
That's pretty good (I concur with your analysis).
that sounds right. I'll suspect there will be couple more 10% rally days and some 5% ones, too
That does seem like the obvious setup, almost too obvious. The election is around the corner and you can just picture the indexes having this huge relief rally to the upside, but what if this is just another pivot leg to the downside?
Let price action and your trading system be your guide ... but I'd bet 10 to 1 that a rally is right around the corner.
this is more proof that technical analysis on indexes doesn't work. The fundamentals are what count.
So you dont think the market has potential of going down?
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