You said, I never have paid any attention to that kind of technical mumbo-jumbo.
Well, you responded to my post, so apparently you did pay attention.
As for calling it mumbo jumbo, let's just say that stuff works for myself and others here, including the person whose thread you are posting on.
Here's some more of my mumbo jumbo. Let's see, I missed the high by 30 Nasdaq points, and the timing was about right as well. Oh, I see the 2008 and 2009 stuff looks about right as well. I imagine whatever you use for trading was just as accurate:
Posted by: ajtj99 Date: Thursday, July 05, 2007 11:27:33 AM
In reply to: None Post # of 144197
I had a nice anotated box explaining this chart, but it got lost in the uplink. Either way, it's a nice COMP fractal showing the slow stochs 89,34 on the weekly COMP chart. The next move would take us to a high in November this year before a dump, but I think it's going to more like mid-December.
stockcharts.com.
The fractal has a pattern that has matched going back 3-1/2 years already. These ocsillating fractal patterns have proved pretty reliable since I've been tracking them.
The arrows on the chart indicator are color coded so you can see how they match up. The black arrow marks the top of the 2000 high. That should line up with Dec. 2007 if this read plays out.
Note the big dump off that high. I'm anticipating a dump from 2892 COMP in Dec. 2007 to 2328 in early spring 2008. A rise to around 2660 COMP in summer 2008, then a dump into early 2009. We'll see. |
