Fractals are the exit / entry ramps for the market.
Since we broke 1515 and no similarities are appearing the trend is still down until sometime shows up
I hear Prechter is now writing articles on Fractals ....... probably a weak attempt ...
Hank
The Fractal for the Crash ...
Started by
Frac_Man
, Jun 08 2007 06:01 AM
2 replies to this topic
#1
Frac_Man
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Hank Wernicki M.A.
Posted 08 June 2007 - 06:01 AM
This chart illustrates the fractal methodology for finding the turns.
Fractals are the exit / entry ramps for the market.
Since we broke 1515 and no similarities are appearing the trend is still down until sometime shows up
I hear Prechter is now writing articles on Fractals ....... probably a weak attempt ...
Hank
Fractals are the exit / entry ramps for the market.
Since we broke 1515 and no similarities are appearing the trend is still down until sometime shows up
I hear Prechter is now writing articles on Fractals ....... probably a weak attempt ...
Hank
#2
Tor
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- Traders-Talk User
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Member
Posted 08 June 2007 - 06:05 AM
This chart illustrates the fractal methodology for finding the turns.
Fractals are the exit / entry ramps for the market.
Since we broke 1515 and no similarities are appearing the trend is still down until sometime shows up
I hear Prechter is now writing articles on Fractals ....... probably a weak attempt ...
Hank
Hank I respect you and I respect your work, but this fractal has been useless as the timing is all wrong IMO. The crash was predicted back in March, april then May, the market kept on chugging up. The bears got mutilated and no crash came more of a meltup.
Even now, it isnt a crash, market down 1540 to 1480 is 60 points. Rise from 1370, so retraced only 35% of the rise. The use of crash is not appropriate IMO, particularly in the context of a so called 1929 crash as was talked about back in april,may etc.
All FWIW. As I say I respect you and your work, it is just my personal view of words and interpretation etc.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#3
Frac_Man
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Hank Wernicki M.A.
Posted 08 June 2007 - 08:45 AM
I am referring to the "recent top"[b] Tor .......... and the method for the entry point.
Hank
Hank
This chart illustrates the fractal methodology for finding the turns.
Fractals are the exit / entry ramps for the market.
Since we broke 1515 and no similarities are appearing the trend is still down until sometime shows up
I hear Prechter is now writing articles on Fractals ....... probably a weak attempt ...
Hank
Hank I respect you and I respect your work, but this fractal has been useless as the timing is all wrong IMO. The crash was predicted back in March, april then May, the market kept on chugging up. The bears got mutilated and no crash came more of a meltup.
Even now, it isnt a crash, market down 1540 to 1480 is 60 points. Rise from 1370, so retraced only 35% of the rise. The use of crash is not appropriate IMO, particularly in the context of a so called 1929 crash as was talked about back in april,may etc.
All FWIW. As I say I respect you and your work, it is just my personal view of words and interpretation etc.
