Six successive and successful tests of 61.8%

It's so amazing, I thought I'd show you a transposition from indicator to price for it. For an average donation of about $1.83 a day (from what used to be your tax money), Wile E. Coyote continues aircycling over the valley to safely reach the next cliff. I'm just plainly showing where aircycle rubber meets the road. This may very well not be the calculation method for support coming from on high, but it sure does correlate well with it.





Do you think Fibonacci percentages don't apply here? How about within 1%?



And a special note to Dr. Fib1618:

I'm obviously underestimating to what lengths the rally makers will go to hold above that 61.8% line.

If everyone is trading off the same known probability, can the outcome be prolific in its effect?

OR

If everyone is on the same side of the trade, would the imbalance produce a different result?

Fib

BTW...your "mechanics experiments" have been outstanding...thanks for the effort in sharing your work.

A good proxy for "everyone" is the money from every taxpayer and every future taxpayer yet to wear his or her 1st diaper. In this context, I've no doubts that everyone is indeed on one side of the current trade environment. That's the imbalance which Ben Bernanke and the ethereal et al believes a different result shall be produced. Talk about experiments! The fullness of time itself has simply been repackaged exactly like a MBS. This approach has never been prolific to the best of my knowledge.

That said, I greatly appreciate your enthusiasm for my ongoing work to reveal some of the concealed side of moving averages. Although we often spiritedly disagree, I could never deny that your level of expertise, enthusiasm dedication is unsurpassable.

Oddly enough, we're about to begin the trading day in position to test the slope summation support at 61.8%. The rounded-off price support line for today's test is given below. It's the day's close that counts, but I'm watching the intraday action around this line. So far pre-market, price has been carefully lowered to this level, ensuring that the line is not punctured before the open.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=11&i=p79338953365&a=189387223&r=875.png

Spiel, thanks for your continued posting. It takes me some time to absorb what you're saying, but this morning was loud and clear for those of us that believe there's at least one more high. AAPL, OIH, and the financials (just to name a few) are also bouncing off a similar MA retracement line.

15 min support is at 1136

It's so amazing, I thought I'd show you a transposition from indicator to price for it. For an average donation of about $1.83 a day (from what used to be your tax money), Wile E. Coyote continues aircycling over the valley to safely reach the next cliff. I'm just plainly showing where aircycle rubber meets the road. This may very well not be the calculation method for support coming from on high, but it sure does correlate well with it.





Do you think Fibonacci percentages don't apply here? How about within 1%?



And a special note to Dr. Fib1618:

I'm obviously underestimating to what lengths the rally makers will go to hold above that 61.8% line.

If everyone is trading off the same known probability, can the outcome be prolific in its effect?

OR

If everyone is on the same side of the trade, would the imbalance produce a different result?

Fib

BTW...your "mechanics experiments" have been outstanding...thanks for the effort in sharing your work.

A good proxy for "everyone" is the money from every taxpayer and every future taxpayer yet to wear his or her 1st diaper. In this context, I've no doubts that everyone is indeed on one side of the current trade environment. That's the imbalance which Ben Bernanke and the ethereal et al believes a different result shall be produced. Talk about experiments! The fullness of time itself has simply been repackaged exactly like a MBS. This approach has never been prolific to the best of my knowledge.

That said, I greatly appreciate your enthusiasm for my ongoing work to reveal some of the concealed side of moving averages. Although we often spiritedly disagree, I could never deny that your level of expertise, enthusiasm dedication is unsurpassable.

Thanks speil: can you please repost the first charts as they did not come through. I like reading your work and thanks.

Now testing 60 mon support at 1132.64

Next up: 1128.4 support, 15 min

...I could never deny that your level of expertise, enthusiasm dedication is unsurpassable.

As is yours...thanks. We're all here for one main goal, to beat the market, not each other.

Fib

...I could never deny that your level of expertise, enthusiasm dedication is unsurpassable.

As is yours...thanks. We're all here for one main goal, to beat the market, not each other.

Fib

Right you are. I'm expecting the market to continue attempting a break above 1142.20 cash (0.37% above the close) before tomorrow's open to pull the momentum back above the 61.8% line. It's already been attempted and rejected just recently this evening.

I'm expecting the market to continue attempting a break above 1142.20 cash (0.37% above the close) before tomorrow's open to pull the momentum back above the 61.8% line. It's already been attempted and rejected just recently this evening.

Attempt, we did. Fail, we also did. Fibonacci Power!