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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.02
(
-0.44%
)
Bitcoin
63,158.75
(
-1.69%
)
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bbgold

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Re: denmo83 post# 9233

Tuesday, 12/06/2011 2:58:51 PM

Tuesday, December 06, 2011 2:58:51 PM

Post# of 34760
11.2% 5.56% and 17-22 trading days?
DeMark is the Guru of Fibonacci and you can hear him repeat this but I never understood Fibonacci numbers. Then he starts talking about 13 and 7-8? I believe the Markets here from the Nov low it has been 7 trading days? Not sure how the 7-8 trading days he mentioned changes to 17 up and 22 down? Perhaps someone with Fibonacci background can explain? One thing you probably didn't see in the posted chart was that the first 17 day rally had a substantial pullback midway before resuming the 17 day to upside. I still think we get that midway pullback, but just my own speculation.

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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