physicists believe that at turning points say creation/annihilation /big bang etc. the standard set of rules breakdown. similarly when the market experiences such a breakdown of rules and limits and capitulates, it marks a turning point.thats what we had in spx at 667 and a lot of other markets.a breakdown of rules and limits .
this implies that those levels will not be seen again in forseeable future.thats why i say that spx has a floor at 750 .
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Hello vipul.
ReplyDeleteThis is Tartan from DG's blog. I see you have just started putting your thoughts into your own blog.
I have been very impressed with many of your calls and knowledge of NeoWave. I am looking forward to following you here.
Cheers!
hey tartan,
ReplyDeletehow did you get hold hold of this blog?
the market and maybe life does take a toll on everyone , so just thought would write a little.but just have not been any regular with writing, but i am going to now.
Hi vipul: I discovered your blog by clicking on your name on DG's blog to look at your profile. It shows that you started this blog. I hope that it is ok that I visit now and then :-)
ReplyDeleteI'm not doing so well on my ES trades lately, but have done quite well shorting Gold.
Cheers.
okay. its perfectly okay to visit here.
ReplyDeletei have been very irregular and havent done posting, but in intend to put in more of my thots .
everybody is in the same boat in trading , almost all markets are very treacherous these days. profit, if it comes at all, evaporates into thin air.