Tuesday, April 28, 2009
TRADING ALERT
Here's what I think at the moment.
Reason: Looks like we have a smaller fractal 1 (starting about 10:45 EST) following the completion of the 2 from yesterday. The sharp price fall at open leads me to believe we'll drop substantially from here, as forecast. We received a clue or two as to how far, but the fall needs to happen before those are validated.
Splitting price hairs is for sport only. Fractal self-similarity is never exact, the smaller waves often distort and twist as the greater trend arrives. The important point is that a new down leg appears to be unfolding.
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the fractal appears to be an extension off the triangle failure, just like what followed after last monday. hopefully it's just a fake out.
ReplyDeleteCool. Thanks for the update FDR. I'm learning alot here.
ReplyDeleteConspirousy theory:
ReplyDeleteRemember Obama was sick during the summit over in Europe last month, then he goes to Mexico and shakes hands with an official who drops dead of the swine flu a couple days later.
Was it Obama himself who started the swine flu outbreak? Something to keep your eye on. Now cue 'The Twilight Zone' music...