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Bulls better not see this chart, especially da_cheif


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#1 NAV

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Posted 01 December 2017 - 06:22 AM

This is one beautiful chart, whoever has created it. Looking at the market from a different perspective...

 

http://www.siliconin...?msgid=31373625

 

Epic !


Edited by NAV, 01 December 2017 - 06:26 AM.

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#2 NAV

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Posted 01 December 2017 - 07:27 AM

We should see one of the two things happen here:

 

1) A violent reaction to the downside and huge increase in volatility

2) Or a further decrease in volatility and we crawl below the line for a few months.

 

It sure does not look like a point where we will see further acceleration to the upside in a parabolic fashion i.e. 3 of 3, point of recognition etc.

 

Interesting times.


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#3 da_cheif

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Posted 01 December 2017 - 08:06 AM

This is one beautiful chart, whoever has created it. Looking at the market from a different perspective...

 

http://www.siliconin...?msgid=31373625

 

Epic !

oh really    http://www.siliconin...73808.......andthis is one beautiful chart.....better not show it to the bears especially NAV  http://www.siliconin...?msgid=31373608



#4 da_cheif

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Posted 01 December 2017 - 08:18 AM

if you want epic put this in ur funk n wagnalls    http://www.siliconin...?msgid=31374051



#5 LarryT

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Posted 01 December 2017 - 09:25 AM

We should see one of the two things happen here:

 

1) A violent reaction to the downside and huge increase in volatility

2) Or a further decrease in volatility and we crawl below the line for a few months.

 

It sure does not look like a point where we will see further acceleration to the upside in a parabolic fashion i.e. 3 of 3, point of recognition etc.

 

Interesting times.

Well, if 2663 is easily advanced above without dropping below 2626 the highest Fibonacci resistance off the 1810 low is at 2779 to 2871 so let the party begin.


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#6 fib_1618

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Posted 01 December 2017 - 10:01 AM

This is one beautiful chart, whoever has created it. Looking at the market from a different perspective...

 

http://www.siliconin...?msgid=31373625

 

Epic !

 

Please note that the line drawn only applies to the Dow index of 30 issues and only when using an arithmetic scale.

 

In essence, it's nice, if not fun to look at, but I wouldn't put a whole lot analysis into it.

 

Here's another view of which I believe is more poignant as to possible support and resistance points for the board's further digestion.

 

Fib

 

dowlt113017.png


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#7 LarryT

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Posted 01 December 2017 - 10:16 AM

 

This is one beautiful chart, whoever has created it. Looking at the market from a different perspective...

 

http://www.siliconin...?msgid=31373625

 

Epic !

 

Please note that the line drawn only applies to the Dow index of 30 issues and only when using an arithmetic scale.

 

In essence, it's nice, if not fun to look at, but I wouldn't put a whole lot analysis into it.

 

Here's another view of which I believe is more poignant as to possible support and resistance points for the board's further digestion.

 

Fib

 

dowlt113017.png

 

Using wave theory Fibonacci extensions off the 2011 low 24,543 to 25,862 is the major target resistance with 32,172 the maximum extension. 


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#8 NAV

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Posted 01 December 2017 - 10:28 AM

If we are talking about Fib extensions, 2.618 comes around SPX 3087.


Edited by NAV, 01 December 2017 - 10:29 AM.

"It's not the knowing that is difficult, but the doing"

 

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#9 opinionated

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Posted 01 December 2017 - 10:33 AM

Don,  Chief...

 

Is a different kind of guy.  And yes he has his issues. But he deserves our respect.  I try to remember that. Just as I would my dad or grandfather if I were trying to lean from him.

 

I think he is very talented, and in the longer term usually right.

 

I'm Glad he is around and even able to share his experience.

 

Just my thoughts

 

O



#10 NAV

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Posted 01 December 2017 - 10:36 AM

If we are talking about IT, 2.681 Fib extension off the november lows comes around 2659. So i would not be surprised to see a large reaction here, before the next push up.


Edited by NAV, 01 December 2017 - 10:41 AM.

"It's not the knowing that is difficult, but the doing"

 

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