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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (12358)1/29/2016 11:50:50 AM
From: Chip McVickar2 Recommendations

Recommended By
Fiscally Conservative
Justinfo

  Read Replies (1) | Respond to of 12410
 
Update on upward targets
Keeping in mind I'm an amateur and just really guessing.

These are likely targets on the re-tracement towards the old highs in the cash S&P chart
What you do with this is an individual choice
1/28/2016 3:42:41 PM
bought just after 3:00 est - cash chart -- 1892.87

looking for
1 - 1916 = 1st 1.618
2 - 1922 = 2nd 1.618 higher gap
3 - 1969 = a 1.618 move
4 - 1981 = another 1.618 move
5 - 1990 = Gap
6 - 2043 = Gap

There are others I may have missed... and may add at a later date

Plus futures charts produce different numbers and as the big players use those charts the effects in the cash charts maybe slightly off



To: Chip McVickar who wrote (12358)1/29/2016 12:52:29 PM
From: Chip McVickar1 Recommendation

Recommended By
Justinfo

  Read Replies (1) | Respond to of 12410
 
Revision # 3

Update on upward targets
Keeping in mind I'm an amateur and just really guessing.

These are likely targets on the re-tracement towards the old highs in the cash S&P chart
What you do with this is an individual choice
1/28/2016 3:42:41 PM
bought just after 3:00 est - cash chart -- 1892.87

looking for
1 - 1916 = 1st 1.618
2 - 1922 = 2nd 1.618 higher gap
3 - 1938 = 3rd 1.618
4 - 1957 = 50% fibo retracement
5 - 1969 = a 1.618 move
6 - 1981 = another 1.618 move
7 - 1990 = Gap
8 - 2031 = 75% fibo retracement from low to high of 2104 dec 2nd
9 - 2043 = Gap
10 - 2104.27 2nd high

There are others I may have missed... and may add at a later date

Plus futures charts produce different numbers and as the big players use those charts the effects in the cash charts maybe slightly off



To: Chip McVickar who wrote (12358)2/8/2016 1:11:40 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12410
 
obviously this entry was stopped out
looking to re-enter