Hey DB.
Regarding: Quote from deadbroke:
Re: Dow Jones daily October 25, 2010 top.
October 25 high = 11,266.3
Don't you think it would of been the right thing to do to say that ole's stoney's call at 10,100 that we would race to 11,200 and then go sideways to down was pretty damn on target! You blab and blab but when some true genius comes through on this thread you pass on by.
As it were. I'm confused.
The funny part about this thread was that after losing so bad I thought you had morphed into a bullish thread. That was funny. Going back to a top call some 900 points up from the first... I don't know DB; in standard TA analysis that wouldn't be the wisest thing to do. Think of the market as one stock that went from 1-9.
The question you must ask yourself is when do I apply 1/2 of the move as my downside target? and for the answer you must take into account a bunch of macro considerations and market conditions, the fed and various hedge funds race for year end performance, the etf's, the bubbles, the dollar, the bond market, TIPS and India & Brazil.
Call me!~stoney