Quote from michaelscott:
The SOLF trade is not over yet. On April 12th, the low of the day was at 12.66. Then on April 16th, the high was at 17.69. Retracements are usually 50% the height of the advance.
17.69-12.66= 5.03
5.03/2= 2.52
17.69-2.52= 15.17
On April 17th, the price was at 15 dollars. So the price retracement has been achieved. However, we usually see a double or triple bottom before we move on to the next leg. That double bottom will probably be achieved tommorrow at 15.
Once the price target of 15 is reached then we can move forward to 20.
15 is my price-line and no lower. This is not my theory, but the DOW theory and it shall be tested.
Quote from michaelscott:
You guys have no idea what your talking about, no clue.
Ok lets put this together.
Asia is far from a developed place. In fact, during my last visit in 2006, I had concluded that this is an economy that seems to be coming out of a great depression. Prostitutes in the streets, people sleeping in gutters and a frustrated populace.
Quote from michaelscott:
The SOLF trade is not over yet. On April 12th, the low of the day was at 12.66. Then on April 16th, the high was at 17.69. Retracements are usually 50% the height of the advance.
17.69-12.66= 5.03
5.03/2= 2.52
17.69-2.52= 15.17
On April 17th, the price was at 15 dollars. So the price retracement has been achieved. However, we usually see a double or triple bottom before we move on to the next leg. That double bottom will probably be achieved tommorrow at 15.
Once the price target of 15 is reached then we can move forward to 20.
15 is my price-line and no lower. This is not my theory, but the DOW theory and it shall be tested.
Quote from flytiger:
Are you 18? If not, go here:
http://disneyparks.disney.go.com/di...&sourcecode=11506&CMP=KNC-PRKCMRGoogle&bhcp=1
If you are 18, and think you can handle it:
http://finance.yahoo.com/intlindices?e=asia