ES 12-10-08

GM Traders running behind

Daily pp: 896.75
POC: 903

VO, I also have an artificial intelligence model that I trade the SSO & SDS with that is up 32% this year. It has been short since 11/26 and is down 1.7% on this trade. It takes large drawdowns during trades but has a 66% winning trade ratio. It is still hanging short.

fwiw, what I thought I learned from Kool is that the cycles are agnostic and that one can use 2.618 from the beginning of the cycle move and 1.618 from the end of the cycle move. One gets the same result either way that is valid unless the cycle extreme used in the projection is taken out.

that is true prestwick

bruce he also has those same charts at Trade2Win

PT did you see the chart I posted of your last trade yesterday?

These are the fib settings I use

Auto makers bailout approved...still waiting for Congress to approve my bailout

ABC appears to be forming on 5 min

ROFL...mypto

VO, or is the retracement from 904.75 too great?