wanna create a separate one? i kinda wish we had a smart macro thread, but these things alway tend to get spammed by politics, TA-babble or just ET egomaniacs.
Bear Market almost ready to resume. .....
- Thread starter fibo_trader
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Get your Baltic Index data updated. The data series begins in 2005. When you find it, then have a look at the 2008 TOP. Here’s the numbers for Baltic.
2008 high = 11,800
Today = 677 (3/7/19, not updated yet)
You call that a minuscule drop? Why are you looking at 2016? It’s the lowest low thus far and it’s being tested soon enough.
Your focus should be on the stupendous drop from 2008 with only a puny recovery of not even to the lowest Fibo of 23.6%. Actual retracement was to aha the lower Fibo # 14.6%
Get you data. With insufficient data you’re dead meat
By the way, look at that 45 degree trendline that gave Baltic such magnificent support during the rally from 2016 to Jan 2019. The drop you see thereafter trendline break is Impulsive, I.e. a motive wave easily distinguished by the sharp angle of descent.
Remember how Hank Paulson, Ben Bernanke and other head honchos were saying there is no danger of a crash in May 2008. Hahahahaha, None of these cats saw what the BALTIC was doing. It was bellowing thru’ a megaphone that the Economy was ready to fall off a cliff.
On 5/23/2008 the divergence and shock drop on the RSI weekly should have alerted these clowns to a motive wave of epic proportions about to fire any moment. It did and brought these clowns to their knees. Cost them zip, WE had to pay. Now we will pay again because they,”ve made cash a crime and digitized everything so they can just do a bail in. We’re screwed any which way.
Remember how Hank Paulson, Ben Bernanke and other head honchos were saying there is no danger of a crash in May 2008. Hahahahaha, None of these cats saw what the BALTIC was doing. It was bellowing thru’ a megaphone that the Economy was ready to fall off a cliff.
On 5/23/2008 the divergence and shock drop on the RSI weekly should have alerted these clowns to a motive wave of epic proportions about to fire any moment. It did and brought these clowns to their knees. Cost them zip, WE had to pay. Now we will pay again because they,”ve made cash a crime and digitized everything so they can just do a bail in. We’re screwed any which way.
So nice of you to give permission to the Golden Ratio of the Universe to exist. If you dispense with 0.8 from the original Nature designed 61.8, you arrive at ET.
. . BTW, use moving average cross system 39 x 62 and blow EVERYONE at ET out the door by staying in trades and truly letting profits run - applies to established TRENDS ONLY
What is 39 and 62. ? Why of course it’s the nearest whole number to the Golden Ratio 61.8 and her cousin 38.2
Try on Euro and retire in just ONE 1-yr trend ride like 5/14/14 to 6/22/15 = 2,350 pips
Uno, dos, tres, Quattro. .......
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