Gene, your argument is starting to sound more and more reasonable. <g/ng>
Another possibility is that we already had the drop to 1000, but missed on the high side, and are now missing high-side on the post-1000 ramp.
Regardless of what interpretation we accept, I think it's time that we started looking at WHY the retrace has worked to the degree it has, rather than just blandly accepting it and assuming that because one chart has resembled another for the past several months it will continue to do so in the future.
There has been far too much blind acceptance on this thread, and not nearly enough THOUGHT, IMHO. For instance, what the f*ck does this Bradley crappola have to do with anything? Everybody seems to forget that each Bradley turn comes with a fudge factor of +/- four days. Well, has anybody bothered to wonder what that looks like if you plot all the turns and fudge days at once? I did, and it covers practically every farking day on the farking chart.
Here, take a look: home.earthlink.net
What the f*ck good is that? It's meaningless drivel, IMHO!
ps. I am balls out short hoping for a pull back to under 1240.
Geez, I thought I was farked! <NG> I need to see a close below comp 1265 or so to get back to even. And, in case you didn't notice, I'm feeling pretty pissy about it. <NG> |
