I wonder what are the chances that our "locomotive" will stop all of a sudden just here:
If it reaches this upper ML it will not only retrace the whole 2008 debacle, but also should get to this downsloping parallel on the monthly chart, which marked the 2007 top:
I simply don't see any meaningful targets in between...
RO
roofer
Rep: 3,689
Posts: 3,574
did everyone see the freaking absoulte perfect set up in apple with a 25 cent stop BEFORE it tanked?
JA
jarek
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Posts: 3,474
Originally posted by jarek
...I wonder if the aftermath would be similar
... and that would require pretty strong finish today on the other side of the Big Pond
RO
roofer
Rep: 3,689
Posts: 3,574
i am exhausted. i am done. i knew some new traders were coming and i wanted them to see how a trader can pound out the trades based on knowing the geometry so well that it is second nature. every trade shown this week is based on tools shown before.....nothing works all the time ... all we can control is that we hit the geometry with a target that gives us risk in our favor every time.







