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楼主 |
发表于 2011-12-18 02:26 PM
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So the basic impression is: we will find a bottom soon (it may have been there, or a little lower than last week's low), and go up to pass the MA 200.
Just wonder why you ignore the possibility to break down from the current big triangle (breaking 1200).
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yupek - I assume that you are talking about SP. Yes, it could break "the current big triangle" (as I believe that anything is possible). I did not mean to ignore that scenario, but I just did not want to draw a spiderweb on the chart to include all possible scenarios. You might want to ask why I favor those up scenarios over down scenarios? Last week's low is 50% pullback, and 1200 area is 61.8% pullback. There is no reason to assume that the market is weakening and going down before some key fibonacci ratios stop working. |
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