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Comments on: Post-market Wrap (recording & summary) https://rd.johnlander.me/post-market-wrap-recording-summary-82/ Futures Market Timing | chaRTroom | Technical Analysis | Instruction Tue, 26 Jan 2016 12:25:41 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Rod David https://rd.johnlander.me/post-market-wrap-recording-summary-82/#comment-1038 Tue, 26 Jan 2016 12:25:41 +0000 http://www.roddavid.com/?p=17308#comment-1038 In reply to Steve Marriott.

That’s exactly right, for one aspect of reacting down before 1915-1920.

There is an allowable range for fluctuation i.e. pullbacks while the corrective bounce develops. It may be deep and keyed off of a 61.8% measurement, or shallow and keyed off of 38.2%. Resuming the rally from the deeper correction would be more capable of creating a higher objective.

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By: Steve Marriott https://rd.johnlander.me/post-market-wrap-recording-summary-82/#comment-1035 Tue, 26 Jan 2016 01:51:49 +0000 http://www.roddavid.com/?p=17308#comment-1035 At the end of the market wrap you made some comments that introduced a new understanding for me. The concept of the sponsorship of the rally leg that originated Wednesday afternoon (originated from the decline’s low of 1804 – didn’t it? ) has a calculable potential to 1915/1920. If I’m following what you’re saying, the retracement of that leg (does that mean all the way back to its origin at 1804, or will 61.8% retrace be sufficient?) will make way for new sponsorship to arrive to initiate a rally leg that will have potential considerably higher than 1920. Do I have that right?

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