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RVAspeculator (28.03)

Market Symmetry = 222 points



April 30, 2009 – Comments (3) | RELATED TICKERS: SDS , FAZ , SRS

666 low…  

When technical analysis said if we broke 680 we were definitely going to 500 on the S&P. 

888 high… 

When technical analysis said if we broke 875 we were definitely going to 1000 on the S&P. 

I am MUCH more short this market than I was earlier when I wrote the post about how you shouldn't short YET but you should be selling your longs…

Let’s rock.


3 Comments – Post Your Own

#1) On April 30, 2009 at 1:27 PM, russiangambit (28.88) wrote:

Yes, how about new approach to trading stocks - numerology? -)) I think it might work given all the logic the market is exhibiting.

Or may be it is because GS had another offering yesterday? They do tend to signal a top.

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#2) On April 30, 2009 at 8:56 PM, RVAspeculator (28.03) wrote:

hehe...   Fibonacci is numerology...  I just think they have driven up stocks enough on this bear market rally now and am finally comfortable shorting.

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#3) On May 17, 2009 at 3:40 AM, walt373 (99.88) wrote:

Fibonacci is special because Fibonacci exhibits itself in the natural world :) But you're right that it's numerology because nobody actually knows the reasons fibonacci numbers/phi appear everywhere.

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