When we look at the market we are always seeing if we are inside or outside of symmetry. It is important to know if the symmetry support is above the .618 the market can break symmetry to fall down into the bigger support and still be bullish. It is also important to see if we are still inside of symmetry before trying to pick the top of the market. You will see in the video how calculated the markets have been since the 09’ low.
Some traders think that what we do is too “Voodoo” and it has no meaning. The thing is as traders we do not have to be 100% fundamental or 100% technical. In my view the market is 90% technical and 10% fundamental but that is just my opinion.
I have seen the market turn too many times at symmetry support and resistance to ignore it. I have found that the people who do not believe just are not informed on the subject, just like anything in life. I hope the time we put in on the blog can inform you so you can look for yourself and the stocks you own to make the best decision you can before pulling the trigger on emotions.
Earlier today we did a post on the corrective symmetry and so far that has been the low of today. This does not mean it is the absolute low but it is an important low going forward a few days.
Corrective Symmetry Video from earlier today: http://wwweminischool.wordpress.com/2011/08/01/corrective-symmetry/
Happy Trading,
eMiniSchool.com
