tag:blogger.com,1999:blog-6135767210188526078.post6307250420439246673..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Intra-day: Jun 16, 2011pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6135767210188526078.post-29500079920442529672011-06-16T14:44:34.864-04:002011-06-16T14:44:34.864-04:00So is the VIX Gartley busted?So is the VIX Gartley busted?The Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-63155616660224502392011-06-16T11:58:43.717-04:002011-06-16T11:58:43.717-04:00Either way, we have a 50 point playable bounce to ...Either way, we have a 50 point playable bounce to 1320. If I don't feel strongly one way or the other by then, I plan on waiting for the market to show us the way.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-26597498423727005702011-06-16T11:55:33.761-04:002011-06-16T11:55:33.761-04:00This is the fundamental problem I'm facing wit...This is the fundamental problem I'm facing with this topping pattern. It's very small compared to 2007 and, especially 2000. So far, it's 4 months, with about a 100-point range. 2000 was 21 months with a 300-point range. 2007 was 11 months with a 200-point range.<br /><br />MarketAnthro doesn't specify, but if he considers this Aug 7, then he must believe we have a ways to go in the pattern.<br /><br />I don't disagree with that, just don't see a compelling reason to believe it yet. In my opinion, we've completed the big M pattern and are on our way back to the midline, the equivalent of 11/28/07 or so. <br /><br />If my understanding of the scaling is correct, then each day in today's market is worth about 2 1/2 in 2007. And, each point today is worth about 2 back then. <br /><br />The key point will be when we reach the midline around June 23. If we cruise right past it and establish a new high, then the pattern is clearly expanding and lengthening. If we reverse there and establish a new low as happened in 2007, then the party is over.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-67997275719768672452011-06-16T11:23:17.346-04:002011-06-16T11:23:17.346-04:00Pebble, check out MarketAnthropology. His analog ...Pebble, check out MarketAnthropology. His analog is Aug 2007. He is looking for a quick bounce only to 1305 then a big selloff. What do you think? Why did this analog not work for you. Many thanksThe Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-56052630057558109692011-06-16T11:20:24.576-04:002011-06-16T11:20:24.576-04:00This comment has been removed by the author.The Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-74608119433287330382011-06-16T10:52:35.346-04:002011-06-16T10:52:35.346-04:00Yay!!!Yay!!!Souljesterhttps://www.blogger.com/profile/18404210129126688727noreply@blogger.com