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.
