Monday, August 31, 2009
19% extension.....
Since the implementation of "secondary extensions" in the multi-leveled market regulation (my theory of course (but backed by factual quantitative analysis)), we have just hit the 19% extension within the Q's. The primary extension maximum of old... 19% achieved by SPY. Coincidence? Hmmmm.... Secondary limitations are the primary limitations of old.... new primary extension limitations.... astronomical... (good friggin luck to the TA analyists out there!).