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if TF continues the way its going im seeing a tgt @ 661ish....
TF just made a bottom @ 675.7.... if this is a true bottom mkt should go upto 675.7 + 5.5 = 681.2.. so chances are 681.2 should get hit & knowing its a downtrend it could reverse from that point....
Thanks you brought that up... its actually 2 different things one is a permanent setup & the other changes daily.... the 5/10/15 point move is a fixed setup.. traders should look out for that on a daily basis... whereas the other 5.5 pt tgt changes daily... like yesterday was 4.2 points... today 5.5...
so today being a downtrend everyone shouldve sold every 5.5 move that retraced but being such a powerful move it was impossible to catch that kinda retracement..... today was a jump in & ride the trend day.....
I hope everyone made $$$$..
Ill catch you guys in a few weeks...
nope if mkts were opened today the tgt wouldve been 4.2 pts...
kbit you getting close but wont be able to figure this one out...... its something totally different.... no Indicators..nothing just a few hours extracted during a trading day just simple range between certain hours after open..... so most likely the tgt will be the same on Monday too..
But I wont be around to check it out... tomorrow is a big day for me.. so I request you guys to remember me in your prayers..
That doesn't make sense to me, I am a bit handicapped in that I don't want to discuss this on a public forum. I'll just say that time is part of the equation in one of the calculations for me too. I came up with the same thing on an alternative formula but prefer the other...anyway have a great holiday Bugs and hope your surgerys go well.
Edit: by the way Using the other method I come up with 4.3