KO
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.
KO
koolblue
Rep: 48,651
Posts: 16,032
looks correct to me, same as VO'S METHODS TOO. he JUST HAS VERY GOOD RULES FOR ENTRIES
KO
koolblue
Rep: 48,651
Posts: 16,032
COVERED AT 831 ..B E ,.. SORRY I COULD POST IT WOULDNT LET ME! ITS GOING DOWN FURTHER TO RELIEVE THE OVERBOUGHT CONDITION ON THE 5 MIN CHART
KO
koolblue
Rep: 48,651
Posts: 16,032
ITLL LIKELY HALT HERE TEMP. CAUSE ITS TOO DAM OVERBOUGHT TO GO STRAIGHT TO THE 15 MIN PROJ!
VO
VOwater
Rep: 133
Posts: 4,121
pt emini...yes those are extensions off the bottom...the technique your employing there is kools price projection, which is looking for the 261.8, which should be a natural sell area. Kools projections dont look for those minor areas that put up res. on the way to the ultimate number 261.8...more in a bit