This is a stockmarket site for both intraday and swingtraders, trading the SP emini,ETF's like QLD, SSO, etc. Various Timing techniques and Cycles are researched. Precise Timing is everything. Both Intraday and daily Change in Trend (CIT) Times are calculated through several unique timing methods that are often exact or off by mostly +/- 5-10 minutes for intraday times and +/-1 day for the daily CITs. All the different Cycles in the SP 500 markets are discussed.
Pages
▼
Friday, August 26, 2011
78.6% retraces rules
The 78.6% retrace has been ruling the recent market action as it retraces the recent swing Highs and Lows the last 3-4 times. This of course will end soon.
Today was an important day to watch for the next direction of the markets. A breakout is due.
false breakout will do it.
ReplyDelete