tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,447
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We all luv ya techy.Nothing wrong with calling a spade a spade.
I have picked most of the major issues well enough to trade so far.
Do you reckon there would be a chance that any analyst worth his salt would wait for confirmation of any alert regardless of method used.
Opinions are posted everywhere in various forms both technically and Fundamentally---confirmation of proof of accuracy either comes or passes.
Thats analysis.
If anyone is doppey enough to take any analysis direct from a faceless post on a forum ---what can I say.
For the first time in a long time Wall street saw some genuine buying in the latter part of the session.
With a reversal of 700+ points.
So where were we.
Analysis has alerted.
Cautious rally before final capitulation.
The confirmation we didnt see yesterday I'm sure we will see on Monday.
Haven't they eased shorting rules? Was it just panicking shorts covering before the close that lifted the chart, then left it with no "steam", so it sank back 250+ pts in last 1/2 hour?
For the first time in a long time Wall street saw some genuine buying in the latter part of the session.
With a reversal of 700+ points.
On reflection ... the inexplicable run up on the DOW may have been purely a *hope* run in anticipation of GWB offering manna from heaven. The timings appear to match.
When that *surprisingly* (sic) didn't happen, the inevitable charge for the exits occurred. Maybe if the speech had been timed an hour earlier, the DOW would have ended up significantly lower at the close....
On reflection ... the inexplicable run up on the DOW may have been purely a *hope* run in anticipation of GWB offering manna from heaven. The timings appear to match.
When that *surprisingly* (sic) didn't happen, the inevitable charge for the exits occurred. Maybe if the speech had been timed an hour earlier, the DOW would have ended up significantly lower at the close....
But for the first time I think we are seeing some application of the brakes.
have you got a chart of that trade mate... I've only got the 30min S+P... by that you must have given back all of the massive profits before catching the final hours rally to scalp them back??? braver man than I..who do you trade with..and what size is the YM contract??
Cheers
...........Kauri
Sounds like you got a bit hurt.Here is the YM which is $5 per point. I was trading that last night. And I got to say it must of been one of the nastiest moves I have seen in a long time. The drop through 8000 to 7900 was basically instant.
Elliot wave or not, a-b-c or 1-2-3, whatever, the market is revaluing at the moment, not panicking.
If people think this is panic, I would suggest they should change the profession.
But hey Ive been ever so slightly mistaken on one other recent occasion that I can remember .
..........and an awful lot that you've forgotten tech
Yeh that happens when I get something right!
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