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In reference to the current state of the markets, prior pullbacks,
and calculations with Fib's and reverse RSI, possible reversal points
on the markets appear to be:
(approx)
Dow 9173
S&P 981
Nas 1756
Comments or your input?
Regards
Jim
--- In amibroker@xxxxxxxxxxxxxxx, "jnk1997" <jnk1997@xxxx> wrote:
> Hello all,
>
> I know this is not AFL formula related but bear with me and please
> share your thoughts.
>
> I went "all cash" in my trading account during Thusdays rally in
> order to protect substantial profits.
>
> Most of my Amibroker indicators (and a few "custom" indicators) are
> telling me the Markets headed flat to down.
>
> All the TV Stock show "Talking Heads" this (saturday) morning have
> their "rally hats" on, including a noted chartist (Gary Smith - has
> been wrong before, as we all have).
>
> Am I "out to lunch" here or are many of you seeing what I am seeing
> in the charts (Dow, S & P and Nasdaq)?
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