Jump to content



Photo

Was it the Fib or the Fork?


  • Please log in to reply
39 replies to this topic

#1 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

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

zoropb

    Member

  • Traders-Talk User
  • 8,392 posts

Posted 16 August 2010 - 04:28 PM

And how about that volume? :o

volume :lol:

The fibork did it.

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


#3 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

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

IYB

    Member

  • TT Patron+
  • 7,141 posts

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

zoropb

    Member

  • Traders-Talk User
  • 8,392 posts

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

humbled

    Member

  • Traders-Talk User
  • 174 posts

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


#7 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,392 posts

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

selecto

    Member

  • Traders-Talk User
  • 6,871 posts

Posted 16 August 2010 - 05:44 PM

Nothing but drama. :unsure:

Posted Image

#9 IYB

IYB

    Member

  • TT Patron+
  • 7,141 posts

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

Lee48

    Member

  • Traders-Talk User
  • 1,619 posts

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