Must I Be The Voice of Reason In All This Giddiness?
- Thread starter ess1096
- Start date
If the Y2K high is significant, why did only one of the several widely followed US indices stop near it? Nasdaq, Dow, Russell...all had '07 tops a long long way from the '00 tops.
Not asking that you believe it - just keep an open mind.
Not asking that you believe it - just keep an open mind.
Our work is similar. I recently posted here that out of the dozen or so people I've shared my stuff with in the past few years only 2 expressed any continued interest.
Weirdly they were two of my smarter friends. Without doubt the market is cycle/fib/measured driven and violations of the "playbook" provide follow through.
Shortie: I get your point but yea sometimes you just need to suspend logic. After all the Dow found resistance at around 1000 perhaps a dozen times in a 17 year period. Different components, 5 different Presidents etc......
Seems a good question to test is whether following that bearish fractal under- or over-performed a selection of arbitrarily chosen alternative bearish fractals.
You are not as dumb as you look PasPrime:
I now think you may have some sparks in that heavy piece between your shoulders.
You are close to understanding, but not there yet. Progress the good work.
Now there's (potentially) an interesting fractal for the next 15 years...
Quote from Random.Capital:
If the Y2K high is significant, why did only one of the several widely followed US indices stop near it? Nasdaq, Dow, Russell...all had '07 tops a long long way from the '00 tops.
Not asking that you believe it - just keep an open mind.
Good point!
T/A is not always so as clear as the beautifully clear and long term double top on the S&P.
Just depends on one's time frame and interpretation.
Provided that you don't step on sidewalk cracks with your right foot on even-numbered calendar days. It's all really quite remarkable, isn't it?
P.S. What's your favorite chant?
