Now is like april 2004... Not sure why his post was removed, hope he was not offended by the ribbing he got, many here do appreciate his work, including me.
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
Fracman's Fractal Chart Mystery
Started by
Russ
, Sep 19 2007 10:53 PM
2 replies to this topic
#1
Russ
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- Traders-Talk User
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Posted 19 September 2007 - 10:53 PM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
arbman
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- Traders-Talk User
- 19,504 posts
Quant
Posted 19 September 2007 - 11:09 PM
If anything this could be June 2004, not April 2004. The market internals are identical to June 2004 and the price pattern was also identical except for one difference. Although there is still some downside risk into October in case the market can not build upon this rally, the Fed is determined to support the market into Nov. The difference in between the big July-Aug 2004 correction and this one is the Fed was preparing to raise the rates back then, they are now easing after the internal bottom now. I think the context is now different and the price patterns become mere coincidence...
#3
Rogerdodger
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- TT Member*
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- 26,873 posts
Member
Posted 20 September 2007 - 09:23 AM
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
