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I think the top will be either on Monday or Tuesday morning. Most probably on Monday morning.
Reason:
1)Today will be up, so it will be the 8th up day. according to Fibonacci, it will be down on 9th day.
2)This week will be the 5th week of up, so the sixth week will be down.
3). Bigger picture, this rally has continued 13 weeks, according to Fibonacci number, 14th week should be a major change.
4). Last rally from 1076--1292 was around 215 points. This rally from 1200 to 1415 will be 215 points.
5). Many people has predicated 1425 as the rally pivot.
6) Cobra has this last 100 percent move point to 1426 area, and the bollinger band weekly upper bound is 1428.
so the top should be between 1414 to 1428.
7). Cobra has promised a 2.5% of pull back and it was fulfilled. and he also promised a 6.5% pull back, then 1340 (base)*1.065=1427. So the top pivot should be 1425. it will drop from 1425 to 1340, then from 1340 backtest 1425 again?
Any comments? |
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狗仔卡
发表于 2012-3-16 10:25 AM
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发表于 2012-3-16 01:16 PM
