Right!!! I've got it!!! And I hereby commit myself!!!
Take a look at the attached chart of the Dow (as I type, BY THE WAY, the Dow is at 9787).
Now I do not (as a rule) use 'Mid' Pivot (RTS) Levels. I DO know, however, that the Dow 'respects' these levels. So: I decided to add some 'Mid' Pivot (RTS) Levels (only the lower ones). JUST LOOK 'what I got'!!! A point of intersection between ITD ('Intermediate Term Delta'), one of the Fibonacci Fan levels, and a 'Mid' Monthly Pivot (RTS) Level!!! And that level: 9147!!! The Dow will close at or around 9147 on 14 October 2008. The sad part: THAT IS NOT EVEN THE BOTTOM!!! (I can only calculate THE bottom after the close of the month)!!!
Now again: if ANY of you think that this does NOT affect your forex trading then I'd STRONGLY suggest you take a look at GBP/JPY today (as well as all the USD/??? pairs and 'commdolls')!!!
Have fun (and ALL comments and input are, of course, very welcome)!!!
And I'd like to add something that occurred to me today:
You know: we are all VERY quick to 'spit blood' and feel like 'idiots' for 'missing a trade'. Well let me tell you this: give yourself a 'pat on the back' for taking the decision to 'stay out' of the market. THAT is JUST AS GOOD as taking that 'stellar' trade!!! It's a 'stellar' trade in and of itself that decision!!!
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