10/1/2014: funny how it all works out … the below is copied from a post that I did on 10/21/2013 – a year ago. a PATTERN was appearing in the zone of 113-120 and it sure looked like a doozy. I wrote “or I’m going into gardening” because I was, honestly, laughed at for even thinking the almighty IWM would stop. well, news flash, I guess in the end the issue is I DO NOT THINK. I just point out PATTERNS and they work or they don’t …
so, anyway, I wish I could publish this anonymously because, well, I don’t want this to be about me making a good call or a bad call. spend some time on my site and you’ll see some AMAZING PATTERNS at work. have I DEFIED HUMAN NATURE and DONE THE WORK – yes. someone would say to an obsessive degree but if your going to go down the path of trusting the vibrations, music and PATTERNS to work and, as a technician TAKE EVERY INDICATOR OFF YOUR CHART then you better well darn understand the underlying thesis of why this works – works being defined as letting you manage risk. I do so that’s cool …
but again it’s about the PATTERNS …
so, I’m not trying to cause any issues or anything but can someone who is a fundamentalist please tell me how a 1.618 price projection and a 1.68179 extension and a bunch of numbers originating from 34 and being on the same axis caused EVERY high so far in the IWM? Or, just leave it to the standard answer Voo Doo.
Either way, here’s my challenge. If you are a fundamentalist, take a modicum of time and studying technical analysis. If your a technician looking to take it to the next level, give me a call or drop me a line. But first … take EVERYTHING off your chart and simply “trust” price and time and the fact they will make PATTERNS!
Here’s the updated chart …
10/21/2013: the “zone” of 113-120 should be very strong if not the “top” for a while … if this pattern fails, I’m going into gardening.
