Oct
1
Why? — I Just Don’t Know, from Anatoly Veltman
October 1, 2008 |
1. At 11:09 this morning, E-mini stopped her collapse — just as she bottomed at 1143.75 = 50% retracement of 1112->1175.75; why — I don't know…
2. Today's US collapse initiated from 1161.75 pinnacle, where she retraced 38% of 1175.75->1152.75 earlier decline; why — I don't know…
3. Yesterday's closing bell terminated the unprecedented single-session rally 1112->1175.75 just short of 38% retracement of 1291.25->1112 seven-session drop; why — I don't know…
4. Yesterday's European slide 1154.5->1132 reversed up from 50% retracement of Asian 1112->1154.5 rally; why — I don't know…
5. That Asian rally reversed at 1154.5 = 38% of the preceding crash day 1221.25->1112 drop; why — I don't know…
6. The crash initiated after down-side reversal from 38% retracement rally of preceding Sep19->Sep24 decline 1291.25->1180.25; why — I don't know…
7. The 1291.25 limit-up pinnacle terminated record two-session rally 1136.25->1291.25 at 50% of EPZ entire summer's bear move 1443.5->1136.25; why — I don't know…
What's all this nonsense with E-mini futures?
And why did the two panic single-session Dec Bond rallies on Sep29 and Oct1 terminated at 62% of the way to preceding high? - I just don't know…
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