Short Term Trading Member Forum

[airedale88]

whaz, that projection was for the 2.5 wk cycle which is now due to bottom IMO. that projection measured from the jan low was undershot/not achieved. at times in the past i've found it more accurate to use the midpoint of a spike low to measure from to get a more accurate projection. that method or using closing price projections both would have been wiser to use. i was a little too bullish and went for the most aggressive projection. made a small gain on the trade when stopped out tuesday. not worth writing home about. i believe we are very near to a 5 wk nest of cycle lows and will expect new projections.