SunTrader

Here is an SPX example, admitedly an ideal one, of fib time and price retracements coming together. Both down swings 43 days, 2nd swing 61.8% time retracement of previous up move of 72 days although it overshots bottom by a day. Good enough for govmint work. Then there is 61.8% price retracement of up move. This "missed" hitting exact level by less than 3 points. But was this the cause of the market bottoming - and ripping the bull market higher 300 points ? I don't know but I also don't care. I only care about having probablilites on my side. And fibs are one, of many ways, to do this.

$14 billion dollar hedge fund with 800 employees which was started in 1992 takes an awful lot of insider info to get to that level and a long time before being discovered - if it was all an illusion and not some substance behind it.

1300's soon again .

True but that is like saying Barry Bonds was on steroids when he sets home run records. He still would have been damn close without the "juice" though. Break a rule or a law and there are consequences of course. But SAC is an enormous trading firm that didn't get that way purely from insider info.

Genius.:doh: It pays to read closely. Well except for a couple that were just mentioned in Mitsu's above post. Can't get any closer unless it was in your own post.:o

4) Time based support and resistance.

No doubt Abe will insist on more easing. But like the little Dutch boy with his finger in the dike it is only a matter of time ...........

Diplomacy, really? :rofl: And you mean start to fall once again - not further. It hasn't fallen against the yen in more than a year. Like just about every other yen currency in the world. Manipulating is what they used to do. Now they are just out right destroying their currency.

In a discussion of fib retracements in the forex market a chart is posted of what looks like a option on a nasdaq stock? Strange. But as to their effectiveness or whether or not there are self-fulfilling as some like to say, here is a chart of the Dow from the year of the crash - 19 friggin 29, you tell me.

Could be NY closed $20 higher than London PM fix. Might of caused some end of week short covering. Don't think it will matter much and the downtrend should resume - for the short term at least.

Price moves when it finds out who has the least patience because trading is basically a wait and see game. Someone blinks or their stops are hit triggering further movement Someone meaning groups of someone's. So it is most definitely group think.

It is one of those smilies under [more] selection: labeled cheers.

Oh yeah! :cheers: Maybe even before the day is done.

So I'm not the only one. :rofl: j/k

Too much credit there. .

The onus is on someone who makes a definitive statement. Not those who say, prove it. But definitive answers are scarce these days.

Forget my previous then. My boonies translator was on the fritz - as it is most days.

Ok so my niece who could care less about guns ... either way - what she heard is wrong. Thank you all knowing. Straighten that out real quick. BTW although Willie Sutton carried a gun, they were never loaded, so I'd say he might think differently. Money in banks, guns in a "patriotic" homes. No-brainer for most.

Heard a story over the weekend. Criminals are targeting homes with America flags out front. Because to paraphase Willie Sutton "that is where the guns are" Hey buddy over here, git yer guns, no cost. Unintended consequences at work. As long as gun owner is not home and layin' in wait for them. Like the old post office joke. What does it mean when the flag is at half staff? Means they are hiring. Not quite Madison Avenue variety advertising but whatever works.

Volume is not the only leader, sometimes:

Please don't tell me what to think or say and I will happily do the same.

Yes what was that mom thinking. If she had dressed the little girl in a bullet-proof onesie hey who knows, maybe just maybe ...... + + + Here is a little snippet from CNN's coverage: "It's just tragic," uncle David Mann told the CNN affiliate. "It's something that you can't prepare for." Riddle said she is devastated, but comforted knowing that her granddaughter is in a better place. "It was God's will. It was her time to go, I guess," she told WLEX. "I just know she's in heaven right now and I know she's in good hands with the Lord." + + + If there is a god did he also intend to place this tragic event in the memory of the little boy to have when he grows up, "babykiller, babykiller"?

It (averaging in) works the same way with the price going down. Buy at 100, price goes to 200, so you buy again = 2 buys at average of 150. Buy at 100, price goes to 50, so you buy again = 2 buys at average of 75 In the first example you need price to at least stay at or hopefully go above 150 to get in the green In the second example at or hopefully above 75 to get in the green. To beat a dead horse only thing is in the second example price has already gone down, not up. Mean reversion works to a certain extent with the stock index futures. Never liked that game though. More preferable to find markets "..... in motion tends to stay in motion unless an external force is applied". If is going that-a-way that's the way I want to go.

Not playing shrink here but I think someone choosing to buy at a lower price is using the rationale that although price is lower and can lower, much lower instead look at it as: a) it's on sale b) how much lower can it really go c) i'll just buy more and lower my cost basis d) maybe i'll hedge with another market e) anything else I can think off without having to admit a loss (which every trader has and most of us have more losses than wins - me for one) and just get over it. I don't see how it can be advantageous to add to a loser simply because of the uncertainty of adding to a winner. Either trade can be a winner .... or loser. But probabilities say over time with the trend and not against are better. If anything when price is going down is the time to short, not add to a losing long.

Pour money into PM's because of a 1/4 rate cut. :doh: That is your hope. Even after the corrective retracement off the April 16th bottom Gold still ended the month of April down almost -8%. When does the pouring begin?