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Topi What's your call

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sponono
Super Contributor
Falling wedge would be confirmed at 30,700 with the target at 31,000. Medium term target is still 35,000.
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8 REPLIES 8
Not applicable
30100...rising wedge on almost all leading markets...no analyisis of Alsi is complete without this..this hase always been my view
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Not applicable
come on grootbek ...id like to hear what u have to say...
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richardw
Super Contributor
My physics teacher always drummed in the concept of accuracy vs. precision. Because I know about it, I'll say "up within a day or two" rather than, say, 30875, which gives comforting but false precision.

So, because of Greece moving the market down a bit, I think a relief rally until the Portuguese drum gets beaten a lot harder. http://en.wikipedia.org/wiki/Accuracy_and_precision
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If I recall correctly it was you who so condescendingly said i need to get back to psychology 101.....time for you to get back to trading and charting 101....a terminating diagonal (falling wedge) always has 5 waves counted from the first touch of the lower slope after entry. Unless you have the 5th "e" wave you do not have a fallig wedge....hence u stuffing this up by 200 points... easy as abcde...
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Not applicable
not for u that Richard..
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richardw
Super Contributor
Also with the provisor that I can move the market in two ways:
  • Predict it, which usually moves it in the opposite direction.
  • Sell some of my position, which usually accelerates the move in the direction of my position.

    Failsafe. I've reduced my short, am about even, and I'm predicting a rise. What could go wrong? :)
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    Not applicable
    exactly thats what trading is about...easy to spot the real traders here..
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    richardw
    Super Contributor
    I'm hardly a real trader though. Had only 1 really good year after learning some good lessons in 2009. I just know what works for me, emotionally and otherwise.
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