I would like to see a higher high first, no bull

Discussion in 'Technical Analysis' started by Aaron Copland, Jul 8, 2008.

  1. I see nothing in this chart that tells me to go long, only unless you like picking bottoms.

    Can we at least clear some resistance before Wall Street declares the bear a total fake out.

    Today was a relief rally from deeply oversold levels. That’s it period.


    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1986740 width=800>
     
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  2. ES was deeply oversold.
     
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  3. Bowgett

    Bowgett

    Looks more like pullback you can short so far.
     
  4. Just plow right in go long load up. Just wait for the first warning from a major and your little fingers get burned.
     
  5. Where is the technical analysis?
    Isn't this the Technical Analysis Forum?

    But for those of us that actually TRADE for a living, we were aware that today was a fibonacci 34 days from the May 19th high.

    http://www.math.temple.edu/~reich/Fib/fibo.html

    Ka-Ching!

    :D
     
  6. Oh wait! the third wave is complete, all is well. Thats just for you hahahaha.
     
  7. You see nothing?
    Shocker.

    That's because you don't TRADE for a living . . . you just hang-out on ET as a "wannabee".
    By the way, where did you get that chart from, Yahoo Finance?

    :D
     
  8. Ah yes complex fibs and waves, that’s the answer WOW. Let me butt right in and show everyone how smart I think I am look at me everyone IDIOT!

    Post a chart landis, show us on a chart, do you even have a chart?
     
  9. what i want to see is a prediction based on fib, not fib BS after the fact.
     
  10. Landis if you can show me were you posted that today was going to be as you say Ka-Ching, then I will take back every thing bad I have ever said about you.

    Otherwise your just making silly references after the fact.
     
    #10     Jul 8, 2008