es 10-10-08


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  • BruceM
  • 10-Oct-2008 at 9:39 AM
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long from 41.75...targeting 64.50 and then 93.50
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  • BruceM
  • 10-Oct-2008 at 10:38 AM
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That's great akola..congrats..I guess I was hoping for the reasons behind the trade......otherwise we just beome like all the rest of the Paltalk forums out there.......We should be trying to help each other...that was my real thoughts behind it
quote:
Originally posted by Akola

i am doing trading as part time and when i placed my order and something came up in my workplace so i left. came after 30 mins and boom i am up 40 pts.



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  • redsixspeed
  • 10-Oct-2008 at 10:41 AM
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So this is still not capitulation?
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  • BruceM
  • 10-Oct-2008 at 11:13 AM
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S2 today is 838.....One of Joe s' square numbers comes in around 841 I beleive...Hey Joe we need lower numbers now.....
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  • culsu
  • 10-Oct-2008 at 11:19 AM
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Bruce: Use (841^(1/2)-0.25)^2 to find the next lower number. Substitute 841 with the result to find the one after that and so on. Change the sign to add 0.25 in order to go up. If I understood Joe correctly, the constant of 0.25 changes periodically to fit the current environment. It may be 0.146, 0.25 or ???, but 0.25 seems to be working for now.

EDIT: Now if I could figure out how to calculate the dated sq nines...
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  • Benny
  • 10-Oct-2008 at 11:19 AM
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618 fib retrace was there at 871ish on the RTH move,, didn't figure it to the penny but close enuf with +/- 1
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  • gio5959
  • 10-Oct-2008 at 11:42 AM
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quote:
Originally posted by culsu

Bruce: Use (841^(1/2)-0.25)^2 to find the next lower number. Substitute 841 with the result to find the one after that and so on. Change the sign to add 0.25 in order to go up. If I understood Joe correctly, the constant of 0.25 changes periodically to fit the current environment. It may be 0.146, 0.25 or ???, but 0.25 seems to be working for now.

EDIT: Now if I could figure out how to calculate the dated sq nines...


a lil bit easier way is knowing that .146 is fib .618 to the fourth power
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  • Margie
  • 10-Oct-2008 at 11:53 AM
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Joe, do you have lower numbers you could share? Thanks in advance.
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  • culsu
  • 10-Oct-2008 at 11:55 AM
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quote:
Originally posted by gio5959


a lil bit easier way is knowing that .146 is fib .618 to the fourth power

So 0.382 (^2), 0.236 (^3), 0.146 (^4), 0.090 (^5) would all be valid constants for calculating the sq nines?
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  • culsu
  • 10-Oct-2008 at 11:58 AM
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These are the numbers the above formula produces. * = prime

841
827*
813
799
785
771
757*
743*
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  • gio5959
  • 10-Oct-2008 at 12:09 PM
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quote:
Originally posted by culsu

These are the numbers the above formula produces. * = prime

841
827*
813
799
785
771
757*
743*



now, if you really want to get fancy, compare your sq9 numbers to cardinal ingress points on a scale of 360: 90, 180, 270, 360, 450, 540, 630, 720, 810, 900, 990, 1080, 1170, 1260, 1350, 1440, 1530, 1620,.......these are natural resistance points.

now you see why 900 was an important spx level

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  • culsu
  • 12-Oct-2008 at 12:01 AM
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quote:
Originally posted by redsixspeed

culsu;

Do you round up/down with your caculations


So 0.382 (^2), 0.236 (^3), 0.146 (^4), 0.090 (^5) would all be valid constants for calculating the sq nines.

Thanks


I used Excel's Round() function, which is half-up (<5 stays the same, >= 5 goes up).
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