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Was it the Fib or the Fork?


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#1 Rogerdodger

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Posted 16 August 2010 - 04:25 PM

Was it the Fib or the Fork which found support at 1070ish?


http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=7&dy=0&i=p56110117106&a=206391668&r=2753.png

And how about that Hindenberg volume? :o

Edited by Rogerdodger, 16 August 2010 - 04:28 PM.


#2 zoropb

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Posted 16 August 2010 - 04:28 PM

And how about that volume? :o

volume :lol:

The fibork did it.

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#3 Rogerdodger

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Posted 16 August 2010 - 04:32 PM

"The fibork did it. " :lol: Trademark time. I think the fork works when it hits a Fib number. ;)

#4 IYB

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Posted 16 August 2010 - 04:36 PM

Neither. It was the speck of dust on the graph paper. ;) But I Fib. We're all forked. Good tradin', D

Edited by IYB, 16 August 2010 - 04:38 PM.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#5 zoropb

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Posted 16 August 2010 - 04:37 PM

"I think the fork works when it hits a Fib number." chicken and egg paradox :D

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#6 humbled

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Posted 16 August 2010 - 05:30 PM

I'd say put a fibork in it, but I'm expecting a wee bit more of a bounce in here. :P
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#7 zoropb

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Posted 16 August 2010 - 05:44 PM

I'd say put a fibork in it, but I'm expecting a wee bit more of a bounce in here. :P

:lol:

yep but after tomorrow may the force be with those on the long side cause the market may not be.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#8 selecto

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Posted 16 August 2010 - 05:44 PM

Nothing but drama. :unsure:

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#9 IYB

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Posted 16 August 2010 - 06:26 PM

I'd say put a fibork in it, but I'm expecting a wee bit more of a bounce in here. :P

:lol:

yep but after tomorrow may the force be with those on the long side cause the market may not be.

Fits with what I've got H & Z. Reminiscent of of Feb 2009 when the 6+ TRIN reading produced absolutely nothing on the upside:

http://stockcharts.com/c-sc/sc?s=$TRIN&p=D&st=2009-01-01&en=2009-03-15&i=p28432492138&a=206360526&r=273.png

http://stockcharts.com/c-sc/sc?s=$TRIN&p=D&yr=0&mn=4&dy=15&i=p63847656411&a=199263757&r=482.png
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#10 Lee48

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Posted 16 August 2010 - 06:31 PM

I think the Forklift is on the way....
I figure we get a wk or 2 rally starting very soon, then pile on with the shorts.

More Hindenburg stuff, so far unconfirmed.
http://www.amateur-i...ugust_14_10.htm