"Have we now topped . . . " Part 3 - Retracement & , Revision

Wallace · Oct 17, 2018

Retracement

Retracement Fibos:

Blue Fibo: Tue Oct 9/18 ~ HH 2900.00 - Thur Oct 11/18 ~ LL 2712.250

Yellow: Thur Sep 1/18 ~ HH 2947.000 - Thur Oct 11/18 ~ LL2712.250

Hope you like lines : )

Revision

What I feel I've been misled by is the length of the rally from April until the end of September and thereby the amount of time spent on it.

This whole Jan-Oct formation appears to me now as very Bullish and likely to begin again quite soon.
I'm beginning to think a renewed rally could begin in early November, or , , , , ,

IF Wed Aug 29 Was the top as I'd thought, then the Jan-Oct Correction is . . . over.

.

nooby_mcnoob · Oct 17, 2018

So the strategy here is draw lines until one of them makes sense in hindsight?

Dolemite · Oct 17, 2018

So if I am reading your top chart correctly with all the lines, the market is either going to go up or go down. Got it, thanks.

fordewind · Oct 17, 2018

is it raining on your chart?

MarkBrown · Oct 17, 2018

"what difference does it make" what has top and bottom have to do with trading? enter long make money enter short make money not seeing the trees for the forest. lol

murray t turtle · Oct 17, 2018

Dolemite said:
So if I am reading your top chart correctly with all the lines, the market is either going to go up or go down. Got it, thanks.

%% I seldom enjoy another traders charts; to much stuff I dont understand. LOL ...... And congrats on reading his tek analysis + chart!!

Clubber Lang · Oct 17, 2018

Another brilliant display of charting drivel.

I’m sure one of those lines somewhere will end up being support/resistance and you will claim “see, I told you”!

murray t turtle · Oct 17, 2018

Wallace said:
Retracement

Retracement Fibos:

Blue Fibo: Tue Oct 9/18 ~ HH 2900.00 - Thur Oct 11/18 ~ LL 2712.250

Yellow: Thur Sep 1/18 ~ HH 2947.000 - Thur Oct 11/18 ~ LL2712.250

Hope you like lines : )

View attachment 193182

Revision

What I feel I've been misled by is the length of the rally from April until the end of September and thereby the amount of time spent on it.

This whole Jan-Oct formation appears to me now as very Bullish and likely to begin again quite soon.
I'm beginning to think a renewed rally could begin in early November, or , , , , ,

View attachment 193183

IF Wed Aug 29 Was the top as I'd thought, then the Jan-Oct Correction is . . . over.

.

Plenty of multi day buying already @ 200 day moving average[ $275 area SPY,]+ QQQ.....]. OCT-APR tend to be strong seasonals -NOT a prediction.

Wallace · Oct 18, 2018

Congratulations, you All passed the test -

nooby_mcnoob
Dolemite
fordewind
MarkBrown
murray t turtle
Clubber Lang

proving you All have a complete lack of imagination, a complete lack of creativity,
but are, All of you,

weirdly attracted to lines.

MarkBrown · Oct 18, 2018

Wallace said:
Congratulations, you All passed the test -

ratio of post vs likes we are the winners when compared to your ratio, think about that.

nooby_mcnoob
Dolemite
fordewind
MarkBrown
murray t turtle
Clubber Lang