JI
jimkane
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Posts: 33,089
Also, I did my 'symmetry bracket' from high to actual low, not locking the .382 on the B point, that's why my values are off by a few cents. I don't want to redo the chart and adjust it that way to match exactly what rat did, as the concept is clear. Just in case any really sharp eyes pick up on that and wonder why the slight difference...
RA
rat89
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Posts: 7,015
Jim, no offense at all....it's really valuable to have a scenario like this and have it shown in different ways. I don't know about roofer, but I don't see it that often. I do see it when enough pressure builds up and sets up a sharp move that seems to come out of nowhere. I use the area generated by the two fib targets as an area where I expect the move to end....equally valid if you're on the lookout for an exit or for an entry once it's complete.
JI
jimkane
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Posts: 33,089
Crude 103.10... Ouch for the consumer. Ouch. What's happening to the currencies is just insane. And crude, which is dollar denominated, is rising this much on a super-strong dollar. Imagine the rise if the dollar was being pounded like cable and the Euro...
JI
jimkane
Rep: 3,058
Posts: 33,089
And another new high for crude. I think 'they' are going to jump on the 'momentum' and really put on a show (I mean longer-term over the next few months or whatever). But, maybe I'm completely off on this one. I hope I am.


