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Market Phase Philosophy
All disputes, whether the market will go down or up is meaningless without specifying the flight altitude!
The picture shows the weekly chart SP500:
Nasdaq 100
Technical picture of a hundred major high-tech companies.
Came up to decent resistance , almost pre-crisis times. Why not, because the crisis is mainly in the financial sector!!! Nevertheless, the weekly RSI even according to Wilder is quite high and " shouts- SELL, SELL" :))
We need to look at a possible pair trade of SHORT against, say, the banking sector, who was Underweight or against other sectors or against SPX.
Still grow and grow
Here they say, markets have nowhere else to grow, already growing exponentially, weekly charts go off scale, the bubble is inflated, etc..
Let's take a look at the weekly chart of the SP-500 index.. From here it can be seen, what else to grow and grow, given that the two previous growth swings were about 5,5 cells on the graph. Why should the third swing be shorter?? The logic is incomprehensible. So this is still a graph with a simple scale. (not logarithmic), where is the growth from 700 to 1000 far from the same as growth from 1000 to 1300 — in the first case, it is growth by 43%, and in the second on 30%. So this method of boxes on a chart with a simple scale on the Y-axis is still quite gentle for those who believe in an overbought market. — I didn’t scare you with a graph with a logarithmic scale :)
What are Noughts and Noughts talking about?
You can give different calculations of the price target from the bottom of March 2009. One goal is 1200 , like an inverted GUI. You can talk about the goal 1225 as fibo level from high to low of 2009. Some people use intermediate Fibo projections and get different goals.. But according to the method of the famous Tom Dorsey, who is considered the first expert in P&F charts, let's calculate what is the purpose of the last breakout of the triple top at the level 1100 of P&F.
I showed the support level with a dark red line , which was critical before the market crash. 1200
The yellow line shows the level, where the market last showed a HI before the crash. 1250
The blue line shows the pivot point before the collapse. 1240.
The blue arrow shows the level, where is the wide base for calculating the target on the weekly chart.
The calculation is as follows :
Reversal boxing value 3, base width 7, boxing cost 10, therefore, multiplying these values, we get the emission value from this base. 3*7*10=210. This is added to the smallest value in the last column., that is to 1060.
so , weekly target 1060 + 210 = 1270.
Since this is a weekly chart, then I do not exclude rollbacks or corrections.
Returning to the post on Geometric Similarity, then the figure 1270 fits quite well with that concept.
Think. which is quite obvious, that there are many calculation options. Each of them can be used in strategic positioning.
Interesting similarity
Interesting similarity, is not it?!!!!!
I think it is easy for mathematicians to find all kinds of relationships between peaks and bottoms and intermediate points.. As well as , maybe, that the real impulse can be calculated before the correction. If we apply geometric similarity, to zone 1200-1300 miscalculated, может я ошибаюсь!?
Revaluation.
sometimes, understand, too involved in the game, you need to step back and look at yourself and the world from the outside. Sometimes this is preceded by an internal crisis., rejection or misunderstanding of the situation. We often associate ourselves with only one side of our life., focusing too much on it. Consequently, failures in this sector affect our overall health. IN 1908 year, based on experiments, the Yerkes-Dodson law was formulated, that the influence of motivation on the result has a domed graph. In other words, overmotivation is just as bad for achieving a goal, as well as lack of incentives. Similar things can be found in modern psychological and “about” literature. Zeland tries to explain this on the energy level, the existence of some balancing forces. Explanation, maybe, controversial, but the essence is stated correctly, as well as the recipe – calmly move your legs towards the target. In modern psychotherapy, there is a concept “coping” – willingness to seek or have something. There are very specific techniques. Main question, to which we must answer – do we deserve what we want? Why? Imagine, what do you stand in front of the sponsor (this technique is described by professor Kovalev), and he says: OK then, I will fulfill your wish, but you have to prove to me, by what right do you claim this. Answer, By the way, very simple…
I just wanted to share this lyrical digression with readers., like me who are in search and do not pretend to absolute knowledge of the truth. It is very useful sometimes to disassociate from reality., involvement in the process, revise, re-read, overestimate. Stephen Covey has a sketch, how a group of people makes their way through the jungle: someone is wielding a machete, someone sharpens them, someone organizes the process… And the man sitting on the tree shouts – this is not the jungle, to which he is indignantly answered – shut up, we are confidently moving forward!!!
Oil from the archive
Finally, the scripts worked their way. From the picture archive.
About dreamers
This is about those, who still counts, that the profit should be greater than the stop loss. I thought it was already dead.. Duc no!! It's still full of fabulous