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koolblue
Rep: 48,651
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.
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
NP Kool - we can never repay you enough for your contributions here. TY.
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bbrad63
Rep: 240
Posts: 143
perhaps abc up after that 5 wave down with alternating 2 and 4 befoe we drop again
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koolblue
Rep: 48,651
Posts: 16,032
projects to 828.50on the 1 min... if it goes higher the 5 min proj comes in to play! stop at 29
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VOwater
Rep: 133
Posts: 4,121
good point bbrad...however I dont take them with only a 38.2 retrace...I like at least 50% and prefer 61.8
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koolblue
Rep: 48,651
Posts: 16,032
well .im calling it good today but my bankbook doesnt reflect it yet! LOL