Going back 4 months, AGG has not had more than 3 consecutive down days in a row. Will today be #4?
Attachment 7067
My persicacity tells me the SPX pattern is about to change and for the better. Wouldn't it be special for the SPX to close at 1100 today.
Going back 4 months, AGG has not had more than 3 consecutive down days in a row. Will today be #4?
Attachment 7067
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
The Necktie represents the angle & length of decent from the 3 previous pullbacks.
Attachment 7069
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Based ON my magical proprietary necktie we still have 1-4 days left in this pullback.
Attachment 7075
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
If you recall, I spoke of September's Monthly Pivot points as applied to October's chart. We can see were the Mid-Resistance 1 level is being tested by the hourly candlesticks.
Attachment 7076
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
The Transports are sitting at the critical 76.40% Fibonacci level. If this level can't hold, then the next logical step is a complete retracement from the previous swing high/low.
Attachment 7077
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
The NASDAQ is a stubborn little wanker. It is showing the most strength of the "Big 3" by sitting at the 38.2% Fibonacci level. I suppose we should be thankful Tech, the financials, & the dollar's decline have led this rally. With the dollar making a bid and financials sputtering, if tech falls down, then this rally would likly be over... Am I right?
Attachment 7078
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Very informative thanx JT You ought to teach economics.
[Do what you think is right and proper]
From swing high/low the S&P 500 Financials have fallen through a 200.1600 50% retracement, and have tested a 197.3445 61.8% Fibonacci retracement. It would be nice if they lay around these levels for awhile, then pick back up for the next swing high rally.
Attachment 7079
Last edited by JTH; 01-30-2010 at 02:17 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Magic Necktie
Even tho I am not skilled in the jargon - I am slowly absorbing everything I read at the forum and starting to get the picture - thanks
Magic Necktie is just a term I made up. I drew lines from the previous 3 waves down. Then I copied those lines over to our last swing high. It's sort of like projecting the path of a hurricane. It's really just an exercise and a way to get a comparison for the strength of this currect pullback.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
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