Marlo's Going To Hell NQ Strategy
I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
investopedia.com/terms/f/fiftypercentprinciple.asp
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. Nq counts in the thousands so xx666.00
Nope, what you're seeing is the all-pervasive 50% Principle in action!
investopedia.com/terms/f/fiftypercentprinciple.asp
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. Nq counts in the thousands so xx666.00
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