Friday, October 28, 2011

SPX Daily - Friday, Oct 28

DAX appears to have completed a 7-wave retracement today, right at a Fibonacci time ratio of 45/134 = 1/3.

Posted by Vega at 9:34 AM

2 comments:

  1. beetlejuiceOctober 28, 2011 at 7:57 PM

    Germans are about to maybe wakeup that they've been shafted and the problem is still there?

    I can't believe the markets have swallowed the announcements so easily and I am even more in disbelief how many analysts have turned bullish this week on what to me, looks like a BIG FAT BULL TRAP!...but therein lies the problem I guess when you throw out all sense of rationality and allow greed to cloud your better judgement.

    Cheers

    ReplyDelete
  2. VegaOctober 28, 2011 at 11:56 PM

    Over the years, markets have taught me to give irrationality, greed, stupidity, denial their due place while trading.

    Past several weeks have made me realise that I need to give them even more room than I have allowed.

    ReplyDelete

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