xjo weekend zoomba lounge, page-85

Funky,
Learn your fibs. One of the best weapons a trader can have.

Strauss,
You said 2 things I liked in 2 days. You're on my favs for now, but looking at your other posts, you might be coming off soon. LOL.

stockplaya,
Why do you think Martis is in Adelaide? I'm an old IT techie who's always had an interest in IP addresses. His last post was from NSW and some of his posts from last week I noticed were VIC IPs.

Martis,
Look at your chart. At 10,400, there's always been lots of activity. This is clearly the pivotal point (that's the fib 50% of 07/09 H/Ls). The higher we go passed it, the lower we'll go passed it when we correct, and vice versa (the lower we go, the higher we go).

Personally, I think we've corrected. We found support at 9,600 in Jul 2010. In Oct 2011, we re-tested that support and it held at 10,400 (higher due to QE2?). I think a Greek default will be the catalyst for another test.

For my cousin's sake, I hope Greece defaults. Get rid of their puppeteers and let them take the 2 decades they need to get things back into shape.

Once the rest of the world realises that life still goes on without Greece, then we can continue the slow steady climb upwards from the new support line.

If we find support between 12k - 12.4k, we'll then make new highs, finally passing 13k. If not, we head back down to the 9.6k - 10.4k range. If that doesn't hold, then back down to 7.8k we go.

If we head back down to 2k, God help us. I don't know if I can live through the 1980s again. My hair's going, so there's no way I can go around with a 'Pseudo Echo' hairstyle again. LOL.