Sorry Guys, just come up accross with one of my posts from 22 December 2008. Still valid:
http://www.forexfactory.com/showpost...stcount=150616
I agree, my friend.. and have some charts to share with you:
1. Monthly: So far with my data, I went back to 14 July 1975 with the close Daily price of 649.17; Since then we are in BEAR MARKET. Have a look my Monthly chart. The real BEAR Market starts from 02/80, with the bottom in 10 June 1986, with the price of 219.36. NOW, we have 2 possible scenarios: one with the blue chanel, and we Just touched on Friday that Lower TL, and the second one GREEN... (which I prefer more
)
2. Weekly: With my Weekly chart, we can see litlle bit more clearly. the 2 options, and both channels. However, I played litle bit with FIBO PHI date. And I have very interesting Results.. According Fibonnaci, the time zone from the low on 10 Aplil 1995 [129.13] to the next low on 11 Sept 2000 [148.25]; projecting US a TARGET GOAL LINE [tgl] on 04 April 2009. CONFLUENCE WITH Lower Trend Line [green]
3. Daily: Now even better, Have a look at our Daily Chart: from the top on 20 July 2007 with the price [250.14], we are having a NEW Cycle as we are still in BEAR MARKET from 1975. so far, there is a 2 different calculations with EW, one does says we are in wave 5, the other one does says we are in wave 3.. Let's forget for a bit our EW, and concentrate only on Fibonacci Extension.. If I Plot my Famous FE, from the top [250.14 to the next point B on 17 March 2008 [192.60] and back to the next Top on 23 July 2008 [215.88], then we have follow Price levels:
FE 0.618 [179.70] reached ...
FE 1.000 [157.21] reached ...
FE 1.618 [121.16] next one on my list ...
FE 2.000 [98.80] now This price is Important, B/C it is my Third CONFLUENCE FACTOR with the other 2 (Lower Trend Line, and Fibo Phi DATE) RED VERTICAL LINE
*********************************** *********************************** *****
Conclusion: I agree we are going to see probably a small bounce, over the holidays, up th 15 January, and after that we'll get back to the reality and finish our JOB, with the price targets. Don't forget GY is in BEAR MARKET, but also DOW, S$P, they didn't reach the Bottom YET..
*********************************** *********************************** *****
CHARTS:
Attached Thumbnails
http://www.forexfactory.com/attachme...1&d=1229874184 http://www.forexfactory.com/attachme...1&d=1229874327 http://www.forexfactory.com/attachme...1&d=1229874349
http://www.forexfactory.com/showpost...stcount=150616
I agree, my friend.. and have some charts to share with you:
1. Monthly: So far with my data, I went back to 14 July 1975 with the close Daily price of 649.17; Since then we are in BEAR MARKET. Have a look my Monthly chart. The real BEAR Market starts from 02/80, with the bottom in 10 June 1986, with the price of 219.36. NOW, we have 2 possible scenarios: one with the blue chanel, and we Just touched on Friday that Lower TL, and the second one GREEN... (which I prefer more
)2. Weekly: With my Weekly chart, we can see litlle bit more clearly. the 2 options, and both channels. However, I played litle bit with FIBO PHI date. And I have very interesting Results.. According Fibonnaci, the time zone from the low on 10 Aplil 1995 [129.13] to the next low on 11 Sept 2000 [148.25]; projecting US a TARGET GOAL LINE [tgl] on 04 April 2009. CONFLUENCE WITH Lower Trend Line [green]
3. Daily: Now even better, Have a look at our Daily Chart: from the top on 20 July 2007 with the price [250.14], we are having a NEW Cycle as we are still in BEAR MARKET from 1975. so far, there is a 2 different calculations with EW, one does says we are in wave 5, the other one does says we are in wave 3.. Let's forget for a bit our EW, and concentrate only on Fibonacci Extension.. If I Plot my Famous FE, from the top [250.14 to the next point B on 17 March 2008 [192.60] and back to the next Top on 23 July 2008 [215.88], then we have follow Price levels:
FE 0.618 [179.70] reached ...
FE 1.000 [157.21] reached ...
FE 1.618 [121.16] next one on my list ...
FE 2.000 [98.80] now This price is Important, B/C it is my Third CONFLUENCE FACTOR with the other 2 (Lower Trend Line, and Fibo Phi DATE) RED VERTICAL LINE
*********************************** *********************************** *****
Conclusion: I agree we are going to see probably a small bounce, over the holidays, up th 15 January, and after that we'll get back to the reality and finish our JOB, with the price targets. Don't forget GY is in BEAR MARKET, but also DOW, S$P, they didn't reach the Bottom YET..
*********************************** *********************************** *****
CHARTS:
Attached Thumbnails
http://www.forexfactory.com/attachme...1&d=1229874184 http://www.forexfactory.com/attachme...1&d=1229874327 http://www.forexfactory.com/attachme...1&d=1229874349
just closed my short at BE after 4 hours too long for me. I need to learn more about scalping seems to fit my attention span 
