I have been looking at the estimated targets that a lot of us have posted and compared these with the fib grid 4601/4291 and see the retracement of .786=4358.
Over the months the ftse 100 has retraced .786 on a number of occasions.
Some of us are very bearish to day,so lets see how it goes.
Over the months the ftse 100 has retraced .786 on a number of occasions.
Some of us are very bearish to day,so lets see how it goes.
SoupDragon
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gaps still at 4309 and 4357 to fill btw.
mully
(
So does that make it a self-forecasting level. Because it is a closely watched level if enough people think it will stay above the level they will buy and keep it above.
If not enough people buy it will fall below and because of its supposed importance people will assume it will fall further and they will sell.
Notwithstanding the manipulators who pull it one way or the other to create a false situation before reversing the flow
Regards
bracke
(
So does that make it a self-forecasting level. Because it is a closely watched level if enough people think it will stay above the level they will buy and keep it above.
If not enough people buy it will fall below and because of its supposed importance people will assume it will fall further and they will sell.
Notwithstanding the manipulators who pull it one way or the other to create a false situation before reversing the flow
Regards
bracke
SoupDragon
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...would have go back a bit...just have them writen on a piece of paper but with out trying to mke you feel silly 
or me for stating the obvious but as they are unfilled gaps. I guess they are from the last time we traded at that level so just have to go back until you hit 4357
or me for stating the obvious but as they are unfilled gaps. I guess they are from the last time we traded at that level so just have to go back until you hit 4357I'm surprised that we haven't seen a bounce from these lows especially off the 4400 level which may bode more weakness next week, 4381 is mynext level for sep
Not got position over weekend as still dazed from some of my stupidity this week, not holding good trdes long enough and holding bad trades too long has lead to a negative return this week but then i guess i'm not alone there
good weekend all i'm off for a few beers...................better make it wetherspoon given this weeks earnings.......
Not got position over weekend as still dazed from some of my stupidity this week, not holding good trdes long enough and holding bad trades too long has lead to a negative return this week but then i guess i'm not alone there
good weekend all i'm off for a few beers...................better make it wetherspoon given this weeks earnings.......
mully said:
Confirmed by what, the price rising / falling ? and does the pattern have to be confimed each and every time ?
Is it not fair to say that from previous experience a certain feature eg 200dma is a watershed and should be watched closely until the pattern is confirmed.
Regards
bracke
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