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koolblue
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Posts: 16,032
GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
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koolblue
Rep: 48,651
Posts: 16,032
Have to do my homework now, but i already told VO where we were likely to go and i hope he passed it along! " yeah, VO AND CHECK OUT THE HOURLY PROJ." i bring this up because a key element to interpeting what the market wants (for me anyway) is when a price proj is met and a decline (or rise) continues, i generally go to the next bigger chart to what what the 'bigger ' proj might be. such was the case yesterday. VOwater has another method of using fib extensions on his charts that i also find very compelling and valid.
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koolblue
Rep: 48,651
Posts: 16,032
NO? Well i just did.. the hourly projection was... 830.25! 13:12 post yesterday i think!
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koolblue
Rep: 48,651
Posts: 16,032
Good man! long as you took their coin instead of the other way around , does'nt matter how much!