Ok guys. We're about to hit 27K.
What does Marty's magic machine say? /s
For real though. I'm personally using fibonacci fan projections and they show 28k as resistance with minimum 27.2k. What happens then, will it be another pullback like the last 2x we hit these levels, or will the Euro elections cause a melt-up?
Currently have my chips down on October $26 YINN calls for a trade deal (eventually), and I believe I caught the falling knife buying XLV on Thursday morning.
The XLV precisely hit the fib pivots on all 3 legs down. The precision is becoming something more than just a curiosity. I've had my eye on this for some time and from what I've seen it's very accurate almost matching Marty's/Socrates's reversals.
They continue to say the reversals are generated from "physics" - even the charlatan in the earlier post this week. Not even gonna bother looking up his name.
Well, is this some fucking mystery or is it possible given the information freely available it's possible we can reconstruct Socrates on our own?
Unless Marty has some secret to the universe that nobody else knows about, shouldn't it be entirely plausible to use chaos theory, complex dynamics, gravity, thermodynamics, electrodynamics, etc and computers to simulate some sort of connection between all this?
One thing I WHOLLY agree with Marty about is that markets are absolutely FRACTAL and self-referencing (relativity).
Anyway, main question is what to do when we (probably) hit 27K? Fibs say 28k+.
Appreciate bike, MA, and the others that regularly contribute and keep alive this thread.
Happy Easter