ebbnflow's Account Talk

**airlift** · 03-07-2007, 03:42 PM

Thanks.

**USNAVYRETIRED** · 03-07-2007, 03:44 PM

Beavis... Thanks!

**ebbnflow** · 03-08-2007, 11:51 PM

This bounce on the I-fund has gone on for three consecutive days already. Bounce got legs?

**tsptalk** · 03-09-2007, 12:07 AM

Originally Posted by ebbnflow

This bounce on the I-fund has gone on for three consecutive days already. Bounce got legs?

This rally has been a 47% retracement of the drop so far. 50% is typical. We'll see if it can do better or not.

**ebbnflow** · 03-09-2007, 12:15 AM

Can't wait to find out!

**fabijo** · 03-09-2007, 01:07 AM

Ebb, your updated chart has been uploaded!

**ebbnflow** · 03-09-2007, 03:07 AM

Thanks, fabijo!

**tsptalk** · 03-09-2007, 04:08 AM

Originally Posted by tsptalk

This rally has been a 47% retracement of the drop so far. 50% is typical. We'll see if it can do better or not.

That wasn't right. I did it again and now actually come up with this rally being 38.2% retracement (to Thursday's high) of the drop. That's an important retracement figure.

**airlift** · 03-09-2007, 10:31 AM

Tom,
Are you refering to retracement under Fibonacci/Gann or Elliot wave trading theory sequences?

Originally Posted by tsptalk

That wasn't right. I did it again and now actually come up with this rally being 38.2% retracement (to Thursday's high) of the drop. That's an important retracement figure.

**airlift** · 03-09-2007, 10:49 AM

Sorry that I hadn't yet read the explanation in your daily commentary before I asked this question.

Originally Posted by sponsor

Tom,
Are you refering to retracement under Fibonacci/Gann or Elliot wave trading theory sequences?

**airlift** · 03-09-2007, 03:31 PM

Ebb,
I repeated the post below for the benefit of some people who don't read all of the threads. Reason, perhaps a discussion could be useful.

Re: 350Z's 2007 I Fund Thread
I don't know the right answer, but an analysis here could help make a choice. Apparently, in a strong runup or downturn, the FV seems to be delayed or forestalled for the next day. Is it correct to say that there was no FV applied yesterday? Well, assuming that Europe and Asia find inspiration to continue rising based on good economic numbers from the U.S., then the rally could continue further. Please take a look at Tom's post in Ebbnflow's account talk thread. Interesting to read Tom's conclusion to the effect that:

"That wasn't right. I did it again and now actually come up with this rally being 38.2% retracement (to Thursday's high) of the drop. That's an important retracement figure."

Tom was refering to Fibonacci retracement theory regarding the S&P 500 (as per his daily commentary). Assuming again, that Ebbnflow keeps making inroads, the next Fibonacci retracement level would be 50% retracement in the S&P500, whcich would be met at 1418. This is risky trading, but we are adults, and a discussion should be forthcoming. Good luck to all!

**airlift** · 03-09-2007, 03:56 PM

I don't know if we are feeding info on each other, but I went 50S, 50I COB today. Some others like Beavis and RunningFool preceded me. This is consistent with the cross-checking rules Ebbnflow posted. I really hope we are right! Good luck to all.