I find another fibonacci's confluence, in the monthly and in the weekly chart…. I was wondering what they coiuld mean from the EW theory.

I post the link:

http://sailingmarkets.blogspot.com/2009/08/exac...

I don't understand the agreement with the suspicion of the big players – in fact I find it disingenuous because surely all you and Doug are doing is, on that logic, ripping off the 'small players' or 'slower money' – you either accept your competition and compete against it or, if you think its unfair, sit it out: it is a level playing field with profit to be made or lost at each turn and if you don't think its level then you shouldn't play!

Simple.

By the way gold never broke 1000 since I wrote to you last and here are two further predictions:

1) the US and UK will both have GDP growth >3% in 2010
2) the price of natural gas will triple sometime over the next 12 months

Chris

I find another fibonacci's confluence, in the monthly and in the weekly chart…. I was wondering what they coiuld mean from the EW theory.

I post the link:

http://sailingmarkets.blogspot.com/2009/08/exac...

I don't understand the agreement with the suspicion of the big players – in fact I find it disingenuous because surely all you and Doug are doing is, on that logic, ripping off the 'small players' or 'slower money' – you either accept your competition and compete against it or, if you think its unfair, sit it out: it is a level playing field with profit to be made or lost at each turn and if you don't think its level then you shouldn't play!

Simple.

By the way gold never broke 1000 since I wrote to you last and here are two further predictions:

1) the US and UK will both have GDP growth >3% in 2010
2) the price of natural gas will triple sometime over the next 12 months

Chris

I'm with you – as are we all!

Still have to play the odds/probabilities/structure as we understand, and know when the classic odds aren't working. Can't manipulate forever – SP500 can't go to 3,000 straight up. There are impossibilities in the market and what happens is that a 'rubber band' effect is created.