KO
koolblue
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Posts: 16,032
Hey gang! Bingo on my market update posted last weekend for much lower prices this week! We are now in a critical stage for the markets.From the long term weekly and monthly charts there are proj down to 777 or so but i was hoping they wouldnt be achieved untill the next expected 'significant ' low when both the 45 day cycle(the one doing this damage) AND the even more powerful 120 day low are scheduled to bottom! Now , im not so sure! Our only hope is that if you remember back in sept ,the last time the 45 day bottomed. i was off by 2 days. I have fri. as the 'scheduled' low so it would actually be sweet if im off by 2 days again! LOL.. im going to take a look at the longer term charts again tonite to see what there saying now. Any way , for short term purposes , im long one from 842.50 and covering here just under the 1 min proj of 845.25
VO
VOwater
Rep: 133
Posts: 4,121
what bothers me is that the daily is clearly showing a descending triangle and if it plays out then that measures to around 600 and thats another 30% lower!
KO
koolblue
Rep: 48,651
Posts: 16,032
Well, anything can happen, thats for sure, but somehow im hoping the 120 (stll pointing up but flattening out ) and 45 day(botomming in the next 2-3 days?) will provide at least some support. Or at least after 836 or 812.
KO
koolblue
Rep: 48,651
Posts: 16,032
Yeah, and i see the 5 min proj from 844.25 to 847.00 now gives about 851.50 (minimum), so im either going to get long soon for a quick scalp or raise my sell price (or both!)
KO
koolblue
Rep: 48,651
Posts: 16,032
ill buy 846.00 in case she wants to fill that 1 min gap at 845.75 and sell order cancelled for now... got to leave for a few... back in 20 min
KO
koolblue
Rep: 48,651
Posts: 16,032
Boring, but it moves so slow you get good fills and projections . Then ,usually by 3:00am to 5:00am you have all the Germans And Brits playing games and it starts jumping pretty good.