The Second-Level Rebound Arrives Like a Textbook

2008/8/13 15:23:14

Today's trend was already described previously — there's nothing more to say. This extremely standard move constitutes exactly the second of those three-level rebounds mentioned before, the one that forms the second hub of the decline from 2924 points. This morning I specifically emphasized the usage of bottom fractals, and today's trend was textbook-perfect. For those of you who still can't figure it out, go study through the 15-minute, 30-minute, and 60-minute charts one by one.

The largest rebound — the sub-level pullback of the previous major hub — likewise has two possibilities: a larger bottom divergence, or going up directly from the hub formed today. The analysis follows the same logic as what was discussed yesterday for the smaller level.

From the actual market trend, this is clearly not the most terrifying scenario. The second-level rebound has already appeared this week, so it's just ordinary price action. The subsequent operation is simply to successfully escape from this second-level rebound, then catch the bottom of the even larger third-level rebound. If you truly have the skill, you can complete all three levels of rebounds according to this ID's theory in such a beautiful rhythm. If you can't do it yet, keep training — nothing can be achieved without effort.

As for the economy, certain people can do whatever they please. As long as you have the skill, the more it drops, the more you earn. Since some people are so eager to hand us their money, why would we refuse?

Sometimes, letting the great waves naturally sift the sand may be more meaningful. The waves wash away all heroes of the ages — but who among us today is a hero for the ages? This has nothing to do with your official rank or wealth. Certain people should have some self-awareness!

One last harsh word: the reason some people dare to act this way is that nobody is held accountable when the economy goes seriously wrong. So they just sit there occupying their positions without doing their jobs — well then, let it be!