1473
#2
Posted 01 February 2007 - 03:53 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
Posted 01 February 2007 - 03:57 PM
#4
Posted 01 February 2007 - 04:00 PM
You may have answered this question before Don, but why 1473? Is it a Fib ratio of some kind?
TIA
Fib
87.5 retrace......off the ath.......a stall or reaction then above that the next fib target is the 88.7 at 1483......the reason its been slow goin is that because the 75 and 78.6 fibs havent produced any reactions of substance so thats why the periodic stalls.....things will or shud heat up dramaticly above the 88.7 retrace.....then of course the ath will no doubt produce a reaction........then of course once thats out of the way........WATCH THE SKY......snort
I think in Da_chief's case, it could be any number as long as it is higher than current price.
Denleo
thanks for the kind words......i hope i have been able to give you the kind of guidance that has produced a huge gain in your portfolio over these last 5000 dow pts.......my regards to u n urs.....
Edited by da_cheif, 01 February 2007 - 04:02 PM.
#5
Posted 01 February 2007 - 04:04 PM
#6
Posted 01 February 2007 - 04:07 PM
Gotcha, thanks.87.5 retrace......off the ath.......a stall or reaction then above that the next fib target is the 88.7 at 1483......the reason its been slow goin is that because the 75 and 78.6 fibs havent produced any reactions of substance so thats why the periodic stalls.....things will or shud heat up dramaticly above the 88.7 retrace.....then of course the ath will no doubt produce a reaction........then of course once thats out of the way........WATCH THE SKY......snort
After today's positive breadth plurality, it's more than likely that the SPX breadth and volume MCO's will give the "all clear" for a challenge of the all time highs for this specific advancing price sequence...maybe more.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#7
Posted 01 February 2007 - 04:29 PM
#8
Posted 01 February 2007 - 04:33 PM
Regarding breadth:
According to sentimentrader, there were only two times when NYSE breadth was over 2:1 three days in a row. In both cases S&P lost 3% over next few days.
All time highs are guaranteed, but a little detour is likely.
Denleo
It reminds me IYBs internal top spotter.... He had observed 11 consecutive very low trin readings in 2004 which marked the top for 6 or more months...
#9
Posted 01 February 2007 - 04:54 PM
Edited by dcengr, 01 February 2007 - 04:55 PM.
#10
Posted 01 February 2007 - 05:55 PM
but I'll take 1473 too
gettin closer.......