mechanicaldaytrader
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Dow Jones Index Prediction
Assuming this is a Bear market rally; here's some math for your brain to digest: It assumes that 50% retracements are critical reversal points that control a lot of trending and counter trending moves:
All #'s based on Tradestation monthly data
Past Dow High = 14,198
Past Dow Low = 6,469
Projected End of Bear Market Rally = 10,286(market retraces the 50% Difference + the recent low = this projection)
...whaddya think?
The Mechanical Day Trader
edit: updated the correct retrace # after using the Fib calculator in TS...guess I "fibbed"...
Assuming this is a Bear market rally; here's some math for your brain to digest: It assumes that 50% retracements are critical reversal points that control a lot of trending and counter trending moves:
All #'s based on Tradestation monthly data
Past Dow High = 14,198
Past Dow Low = 6,469
Projected End of Bear Market Rally = 10,286(market retraces the 50% Difference + the recent low = this projection)
...whaddya think?
The Mechanical Day Trader
edit: updated the correct retrace # after using the Fib calculator in TS...guess I "fibbed"...
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