This has a lot of good information in it. It's in pdf format so you can download it and keep it for future reference..C.pdf
I don't agree with this particular count either, but I think it's worth taking a look at. He certainly could be right...I do think the 1158 target makes sense as a short-term objective, though. http://bit.ly/cFMZ7p
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Added 3/30/10: I have…
Since some of you trade NG and UNG, I thought I'd put some Fibonacci on it and see what it looks like. This is the hourly chart. From the 02/08 high, notice that XA drops to a previous support area. The rally AB retraces .786 of XA. The BC selloff takes out the low of XA and extends 1.618 to today's low. There is also a Fibonacci time target right here that I didn't label. It should rally from here and try to fill that gap. However, what I'm concerned about is that we closed below the Jan 28 low. Momo still down. If a rally attempt to fill the gap fails and today's low is taken out, it will probably extend 2.618 which would take it down near 8.70..
The QQQQ's have held the red Kijun(Trend Line) for three weeks. Last week it managed to close higher after the previous weeks doji and also managed to close above the 20wk ema, a commonly used mav on Ichimoku charts. Next resistance is the light blue Tenkan line around 44.38. It looks constructive at this point although the blue 90wk mav is still ticking lower. What I would like to see next week is a move higher with a weekly close above the high of the previous red candle. I would appreciate any and all feedback.
First let me state, It's not my deliberate intention to make supportive case for the rampantly growing
already, and bursting at the proverbial seams, laced with redundant, inadequate, and antiquated govt jobs,
Super Bureaucracy of today. That to include it becoming any overbearing, oppressive, Orwellian,
and Nanny State Day Care-ish, that's already now! Yet, I am understanding or of the mindset. That eventually technology will shrink the bureaucracy considerably fold. Thus yielding a correction to the parabolic growth rate it has been in and executing now. No parabolic growth is sustainable indefinitely. And the Masses will soon realize that alot can be done with less in today's real/live time interconnected world.
Second, I am going to try and demonstrate throughout, that the exponential advancements in technology made
thus far, will not only allow us to do this, but undeniably require it at some point. That being taking a
Re: Quant funds & high frequency trading - are they the reason that there issome perception that the market takes an appearance of "climbing smooth hills"(etfs). I heard that this presented a problem for some traders. It seems to meto be the opposite (nice and smooth, some etfs). I wonder if this would at somepoint smooth out the curves on underlying stocks and might be a reason that somecomment that sometimes earnings announcements, etc. seem to get ignored in termsof market action around them, e.g. the conflict between quant fund patternperformance and fundamentally oriented models, etc. My question: for those ofyou that are familiar with the quant fund domain, is it your opinion that the"smooth" price chart forms will continue (up or down). Or, do you think thatwith a down turn (future) that some of the inverse ETFs might smoothly rise. Itseems like 2008 was an extreme situation. I was wondering if a smoother bearmarket (future) would be possible with the new funds/etfs,…
First, if you are going to criticize something...be prepared to offer solutions/remedies to what your criticizing...Otherwise you are just a wind-bag-arm-chair-critic! I have a plan to put about 400,000 people to work in the next two months time. With no more than a signature of a pen.There's roughly about 140,000* gas stations (70% of them having convenience stores and gas stations) in the USA. Now, only in New Jersey and Oregon is it illegal to pump/dispense your own gas at the station. Thus requiring a filling attendant to put gas in your automobile.Well, if we, meaning individual states governors of the states that dont have them self service laws. Enact similar laws....no....I change that to town ordinances...I say ordinances because this could be started by municipalities passing city ordinances to do this first..citing local unemployment #'s and blithe and economic hardships...to get the legal ball rolling...And make gas stations hire workers to fill tanks. Albeit they will…
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