daily: 1073 / 736.25
60m: 910.75, 899.50
15m: 916, 884
5m: 875.50,
need to retrace a bit before we get any downside projections
JA
JackS65
Rep: 100
Posts: 379
Volume for NYSE getting close to turning to the downside as Nas already is.
BB
bbrad63
Rep: 240
Posts: 143
very nice trade VOwater I was hoping with you I missed my entrance @ 60.25
JA
JackS65
Rep: 100
Posts: 379
Volume for NYSE just went to the downside. That is both of them now. !!!!
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
Thanks VO. I haven't been working with Kool's cycle projection tool much and was experimenting this PM. I was using the cycle highs and lows and using 1.618 from the end of the cycle. In my notes I had Kool saying to use 2.618 from the beginning of the cycle. Using the 1.618 I had a cycle H to L of 17.5 when fibbed by 1.612 gave me a 28.25 point expectation which added to the cycle low of 833.5 gave me a 61.75 target. For that second cycle projection that negated I had 61.5 - 47.25 = 14.25 * 1.618 = 23 + 847.5 (cycle low)= 870.5 target. That's the one that didn't hit at the end of the session. Maybe I am oversimplifying it.