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- Madmax1952 replied Jun 9, 2016
I am enjoying this thread. I am 63 and a former stockbroker (retired). In those years I have observed all manner of human behavior when it comes to investing/attempting to invest. If I may, I would like to impart some old time thoughts. (1) No one ...
- Madmax1952 replied Oct 5, 2010
OK PerkinElmer — I did not see that. I will read it. Thank you.
- Madmax1952 replied Oct 5, 2010
Truth or Not — Babi claims to know the days price action before it happens (and the month). So here is a simple test. What will be the high, low and close for tomorrow (October 5), this week, and for the month of October. He says he can do ...
- Madmax1952 replied Oct 5, 2010
Is being confused now considered "finding fault?" — Ask yourself: Why the discussion of the 38.2 rule downtrend on an expected UP day? Is this not adding to an already confusing set of rules? Rules within rules within ...
- Madmax1952 replied Oct 5, 2010
Still Confused — In babi post 1501 (to start the day) he made a BIG deal about how the 38.2 reversal indicated the trend was down (and it did drift down 50 or so pips, not what anyone would call a trend). Why (if he knew price was going to ...
- Madmax1952 replied Oct 5, 2010
Thank you Daysey — I was beginning to think I was the only (believer in this concept) that was not "getting it." I agree there is a semantic problem due to language which has caused much of the turmoil from page 30-90. Perhaps there is someone ...
- Madmax1952 replied Oct 5, 2010
I can accept being wrong — I am wrong many times, but I am not trying to teach someone else. And, when I am wrong I will be the first to admit it. Why did babi tell us the 38.2 rule (in post 1501) indicated the trend was down? and then ...
- Madmax1952 replied Oct 5, 2010
Missed opportunity? — And so babi in post 1501 says the 38.2 rule indicates down and then it goes up 200 pips. Why then did he even bother to post such a chart if he (supposedly knows) the daily moves? Why did he not just tell us to go long? ...
- Madmax1952 replied Oct 5, 2010
Perhaps it is a language problem — I am sure he knows what he knows. Yet, I think there is a language barrier. Meanings are "in people" not in words. It could be my fault as well.
- Madmax1952 replied Oct 5, 2010
Confused — babi in post 1501 said the 38.2 rule indicated lower and then it rallied 200 pips. He made a very important point about how this level indicated LOWER!!! And what did we see? 200 pips higher!!! What do you all think?
- Madmax1952 replied Oct 5, 2010
More confusion. — I post #1501 babi said "When price touches 100% level it should not go higher than 38.2" and yet it did even though it broke the base level by many pips (which should indicate lower also) and then it rallied up almost 200 ...
- Madmax1952 replied Oct 5, 2010
Babi said — 38.2 rule worked and indicated trend was down. Does this look like a down trend?
- Madmax1952 replied Oct 5, 2010
Where is the downtrend from the 38.2 rule? — babi said that the 38.2 rule indicated a downtrend. All I have seen is explosion to the upside after the 38.2 rule. Am I missing the bigger picture? See post 1501 where he said trend was down. WTF?
- Madmax1952 replied Oct 5, 2010
LolCat — I think lower before higher JMO.
- Madmax1952 replied Oct 5, 2010
Thank you Lolcat — That's what I was thinking just based upon the way price acted (fake out breakout action). I think I will short now!
- Madmax1952 replied Oct 5, 2010
Failed Breakout2? — I am not anywhere near an informed person regarding this method yet, but this current BO2 look healthy to you chat group experts? Should I look to reenter lower or short from this failure?
- Madmax1952 replied Oct 5, 2010
Thanks Liberty71 — I think I am starting to understand. Appreciate your help.
- Madmax1952 replied Oct 5, 2010
On to the next phase? — Libery71, when we hit target BO2, will this not also indicate we will rise to the top of the next (new) phase (after a retrace)?
- Madmax1952 replied Oct 5, 2010
OK Great — With all the past confusion in this thread I guess I missed that. So now that we have hit the 100% should we look for a fib retracement to reenter long?
- Madmax1952 replied Oct 5, 2010
Thank you Liberty71 — I would have used the calculator but I thought that was only for last month and was waiting for the one for October.