Possible floor? This Major pitchfork has been respected a number of times accurately and has described the incredible fall in GJ remarkably well. When I drew this fork I dismissed it even reaching the median line as it was so steep, and now we're at this lower level. There is also some horizontal support going back to 2000 which adds confluence. I'm not recommending going long solely upon this basis or trying to catch this knife/nuclear bomb but if price action shapes up then it is something to consider. This capitulation can not go on forever.
- Post #124,923
- Quote
- Oct 22, 2008 1:32pm Oct 22, 2008 1:32pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- Post #124,924
- Quote
- Oct 22, 2008 1:33pm Oct 22, 2008 1:33pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Blogging daily now at www.volume.zone
- Post #124,926
- Quote
- Oct 22, 2008 1:37pm Oct 22, 2008 1:37pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- Post #124,927
- Quote
- Oct 22, 2008 1:38pm Oct 22, 2008 1:38pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- Post #124,928
- Quote
- Oct 22, 2008 1:39pm Oct 22, 2008 1:39pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Blogging daily now at www.volume.zone
- Post #124,929
- Quote
- Oct 22, 2008 1:40pm Oct 22, 2008 1:40pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- Post #124,930
- Quote
- Oct 22, 2008 1:44pm Oct 22, 2008 1:44pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- Post #124,931
- Quote
- Oct 22, 2008 1:44pm Oct 22, 2008 1:44pm
- Joined Oct 2007 | Status: Member | 3,461 Posts
- Post #124,932
- Quote
- Oct 22, 2008 1:44pm Oct 22, 2008 1:44pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- Post #124,933
- Quote
- Oct 22, 2008 1:45pm Oct 22, 2008 1:45pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Blogging daily now at www.volume.zone
- Post #124,934
- Quote
- Oct 22, 2008 1:47pm Oct 22, 2008 1:47pm
- | Joined Dec 2007 | Status: Pakute Trader | 885 Posts
- Post #124,935
- Quote
- Oct 22, 2008 1:48pm Oct 22, 2008 1:48pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- Post #124,939
- Quote
- Oct 22, 2008 1:58pm Oct 22, 2008 1:58pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Blogging daily now at www.volume.zone
- Post #124,940
- Quote
- Oct 22, 2008 1:58pm Oct 22, 2008 1:58pm
by Thich Nhat Hanh
"Smile, breathe and go slowly."