Cheers
Hank
Always use STOPS ( attraction points )
Thursday's Fractal Trade
Started by
Frac_Man
, Jan 07 2009 09:00 PM
1 reply to this topic
#1
Frac_Man
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- Traders-Talk User
- 1,458 posts
Hank Wernicki M.A.
Posted 07 January 2009 - 09:00 PM
Attraction Point Analysis on the Futures Contract for Thursday :
Today at the close the NQH9 has started a Parent Iteration of its
Child fractal from 12/19
What this means is that IF the 1244 level is not taken out to the
upside we can expect a big slide down ( it's almost too perfect )
Breaking 1232 would confirm the decaying fractal to the downside.
Conversly holding 1232 tomorrow would represent a bottom to go Long ( doubtful though )
That's the trade for tomorrow ... let's see what happens
Cheers
Hank
Always use STOPS ( attraction points )
Cheers
Hank
Always use STOPS ( attraction points )
#2
inamosa
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- Traders-Talk User
- 1,638 posts
Patterns-based Trader and Investor in ETFs and Futures
Posted 08 January 2009 - 07:35 PM
Broke 1232 and bottomed at 1225 and then closed above 1250
Seems like the fractal was of no consequence
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
