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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.

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#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
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#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.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#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