Discussion in 'Technical Analysis' started by a529612, Oct 3, 2006.
It's in uncharted territory...
ask Elliot wavers
Fib Price Extensions.
There is no resistance level.
Here you go guys, plus a bonus S&P 500 chart:
Bravo!!! Intelligence shines through the darkness.
a529612, you should look at Interesting Charts thread.
Just watch TA, they will point you in the right direction. Look at what happened to Silver recently, there was no historical resistance when price started hitting $15, then there was strong pullback, followed by more upside. The second approach to $15 was showing divergences in TA indicators and price and IMHO, that is the best possible time to consider entry, as the first price peak's limit is very tough to 'predict'.
call me next week.
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