What’s the Vegas odds on price breaking the white
diagonal line before the market makes a new low? I’m feeling froggy…I
don’t think it’ll be broken substantially before QQQQs make a new
low. Just an opinion that is contrary to what appears to be the case in
EW. Those red vertical lines are equally spaced in time and on exactly
those days that they meet the white diagonal. Price on the first two of
those three days was repelled (downward on the first and upward on the
second). So what will happen on the third that is occurring now? [That
white line, as I recall, is a very important Gann metric…the first
recovery high after a major wave down. Maybe someone could amplify on
that given my Gann deficiencies.] So, now that I’ll solved all of
my bear problems I’ll take some aspirin and go out and pound some golf
balls.
