This fractal was pointed out during the week as a caveat due to seasonal trends -- the holiday arriving.
However viewing the the other indices paint a different story as the F7 beginning on Friday.
One can view the SPX as failing also on Friday -- and hence labeling it as the F7 Top for the index.
Failures are easy to find within the Fractal <<<<< when they happen you go the other way <<<
Monday will certainly offer the path to the unlikely rally to F7 or the break down.
The markets are at a very critcal point and or turn ..................... this week !
Since everyone is expecting the holiday rally, I'm going to the short side ..........
In the event the SPX does rally to a new F7 it would really nail the coffin ..... as the 66 fractal remains solid.
The time element is important with respect to the dimension of the fractal .... so it is very important.
The point set and dimension of the generator fractal ( to the left of your chart ) MUST Match .........
This Monday should be quite interesting ....................
either way you have a good idea of which way to go.[u]
Nice work
Hank
Sorry Hank but you are claiming to be a professional service, this advice would have wiped an investor out.
Fractal methodology as understood by you obviously has serious problems. I am not saying that it won't work sometimes but what happened after feb.20 shows major issues with fractal theory.
"We Are Going To The Moon Alice ! ", PFE Update
- Hank Feb. 20,2007
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p67147584886&r=952.png
On 2/11 on Ike's show I said that the Intermediate top was In
Hank
going to the moon , may be short term
That must be why around Feb. 20 Hank said the market was going to the Moon, along with DaCheif who said watch the sky.
Only lucky...Let me see if I've got this right
Hank is THE MASTER
Russ,
F7 was a probability that was pointed out ................. you have to look at the big picture.
It's not always possible to explain the projections here on the board.
What I can say is that our "real time trades" are 5 straight in a row ( in the past month )
Subscribers are doing quite well ------ those I do not post ...
Hank
Sorry Hank but you are claiming to be a professional service, this advice would have wiped an investor out.
Fractal methodology as understood by you obviously has serious problems. I am not saying that it won't work sometimes but what happened after feb.20 shows major issues with fractal theory.
"We Are Going To The Moon Alice ! ", PFE Update
- Hank Feb. 20,2007
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p67147584886&r=952.png
On 2/11 on Ike's show I said that the Intermediate top was In
Hank
going to the moon , may be short term
That must be why around Feb. 20 Hank said the market was going to the Moon, along with DaCheif who said watch the sky.
Only lucky...Let me see if I've got this right
Hank is THE MASTER