35843 replies to this topic

[Snippit]

JSE, ALSI, J203

The All Share Index puts in an impressive Intermediate (A) leg of the Primary [B] of the Cycle A of this Super cycle (IV) bear trend.

https://jsecharts.bl...-alsi-j203.html

 

 

rationes vitae traduceret

 

 

 

[Snippit]

JSE, ALSI Swix, JN43

The ALSI Swix has arrived at the 61.8% retrace target. Indications of a significant turning point for most everything abound.

https://jsecharts.bl...-swix-jn43.html

 

 

Don't get suckered

 

[Snippit]

MSCI Global ETF (Rands)  

The same weekly chart as before (below) has generated an excuse for an Intermediate 5th wave (visible on a hourly chart) which, if taken seriously, gives a reason for the apparent madness. The internals of [3] are playing a different chord which sounds better to me. Turnings are seen as still being indicated for XAU/USD, USD/ZAR, J150, GLD, and SPX  although there are sure to be many more. 

https://jsecharts.bl...-etf-rands.html

 

 

nolite facere quicquam

 

Edited by Snippit, 08 June 2020 - 02:42 PM.

[Pilotpilot]

Cool. I hereby bestow upon you free life membership of my fan club. You are both the first life member and first ordinary member. Its all yours so you are also in the Chair. Enjoy.

        Love it!!! I'm honored!

[Snippit]

Like the whole post and enjoy your comments........ and I love Hedgeye's witty sense of humor!

 

Thanks for sharing.....

 

Cool. I hereby bestow upon you free life membership of my fan club. You are both the first life member and first ordinary member. Its all yours so you are also in the Chair. Enjoy.

[Pilotpilot]

MSCI Global ETF (Rands)

Not the ALSI but a related species with occasional influence.

Here is a weekly chart for the Global MSCI ETF in Rands. It appears to have topped out of Cycle V. 

Primary wave [1] is longest and [5] is accordingly the shortest. It appears to be overly elevated like most 5th waves appear. And yet it tentatively awaits some further confirmation of the expected impact of the global lockdown madness or some second wave panic stations and does not want to leave its station without good cause.

On the other hand the hope is that the unprecedented liquidity injections can enable a resurgence of buybacks so as to create the false impressions as usual. More important is that the usual recipients of free cash can buy up the indices and then the economy can go do whatever it wants and zombie scarecrows will rule again.

To be expected after over a decade of the same thing. Most traders have never known anything different. 

 

 

https://jsecharts.bl...-etf-rands.html

 

 

A caestu praeiudicatum

 

 

 

Like the whole post and enjoy your comments........ and I love Hedgeye's witty sense of humor!

 

Thanks for sharing.....

[Snippit]

MSCI Global ETF (Rands)

Not the ALSI but a related species with occasional influence.

Here is a weekly chart for the Global MSCI ETF in Rands. It appears to have topped out of Cycle V. 

Primary wave [1] is longest and [5] is accordingly the shortest. It appears to be overly elevated like most 5th waves appear. And yet it tentatively awaits some further confirmation of the expected impact of the global lockdown madness or some second wave panic stations and does not want to leave its station without good cause.

On the other hand the hope is that the unprecedented liquidity injections can enable a resurgence of buybacks so as to create the false impressions as usual. More important is that the usual recipients of free cash can buy up the indices and then the economy can go do whatever it wants and zombie scarecrows will rule again.

To be expected after over a decade of the same thing. Most traders have never known anything different. 

 

 

https://jsecharts.bl...-etf-rands.html

 

 

A caestu praeiudicatum

 

 

 

[Snippit]

ALSI Futures

This daily chart for ALSI futures shows the resistance. A bucket of cold water is overdue. The algos will feel a chill in their cloud.

https://jsecharts.bl...si-futures.html

 

 

facilis desideraturus

 

 

dead roots

Edited by Snippit, 11 May 2020 - 11:30 AM.

[Snippit]

USD/ZAR

This hourly chart for the Rand/USD pair shows the development of Minor wave 4 and the indications for uptrend (Rand weakening) resumption.

https://jsecharts.bl.../05/usdzar.html

 

 

cave cerebrum damnum

 

 

 

[Snippit]

ALSI Swix, JN43

The bounce arrived at the 1.62 extension but is seemingly reluctant to let some of the hot air out. Should it continue to huff and puff then the next significant resistance is at the 61.8% retrace. Such levitation can be from further Rand weakening.

Much is overpriced whilst fear of the unknown got turfed a while back and expectations are floating on cloud 9.

https://jsecharts.bl...-swix-jn43.html

 

 

nolite oblivisci obseres

 

 

Edited by Snippit, 08 May 2020 - 01:48 PM.

[Snippit]

ALSI Swix, JN43

The bounce arrived at the 1.62 extension but is seemingly reluctant to let some of the hot air out. Should it continue to huff and puff then the next significant resistance is at the 61.8% retrace. Such levitation can be from further Rand weakening. Much is overpriced whilst fear of the unknown got turfed a while back and expectations are floating on cloud 9.

https://jsecharts.bl...-swix-jn43.html

 

 

nolite oblivisci obseres

 

 

[Snippit]

JSE, ALSI Swix, JN43

Update 19th March:

This update of the ALSI Swix index sees the completion of Cycle A of the Supercycle correction and thereby the turning point into the bear trend correction of Cycle B.

 

https://jsecharts.bl...-swix-jn43.html

 

 

rursus circa

 

[JR7800]

ALSI down 8.71% for the day.

 

Everything is falling so violently I have to adjust my screen size to see the bottom of the charts.

 

I don't think I can take much more of this.

[Snippit]

 JSE, ALSI Swix, JN43

This +2 year correction is seen as still evolving and now busy with the Minor A wave of the Intermediate ( C ) wave of the Primary [C] wave of the Cycle A leg of this propective ABC Supercycle correction. It is expected that this Intermediate ( C ) wave will extend further in a 5-3-5 pattern and produce a 1.62 extension of the Primary [A] wave.

 

https://jsecharts.bl...-swix-jn43.html

 

 

accipies confractus est

[Snippit]

Practitioners for the standard Elliott Wave Theory (EWT) have been tracking the "Super Cycle" chart pattern for US indices since I was much younger. The belief is that this Super Cycle commenced at the bottom of the 1929 crash, which was the end of the corrective for the preceding Super Cycle. Now we see this final end point has arrived. It has evidently been extended by extensive interference which reflects in the chart patterns. 

The correlation for the Dow of 6 years ago came and went as we plowed onward and upwards with our new found methods of interference, viz: 

https://www.marketwa...tion-2014-02-11

The crash that was to be has been delayed and increased in prospective dimension by the additional upward action.

Now it is a game of the power potential  of new found central bank interference collusion against the over-sized forces of nature. Me thinks Dr Doom is probably going to be proved to also be correct this time. 

The correction was sharp at 3 years duration for the 1929 event. The Elliott theory expects alternation of successive corrective patterns and so a 9 year period is more probable this time.

Investors need some appropriate awareness which the dysfunctional "industry" is incapable of providing.  

Basically the Titanic is going down, the lifeboats are inadequate and wealth is going to be destroyed like never before.

[JR7800]

Scary day on JSE when there are only 4 shares up of the top 100 companies. Stomach turning stuff......

 

 

• TOP 10 OF TOP 100 COMPANIES
• ALL

 

SHARE PRICE MOVE MOVE %  RCL 10.79 0.64 6.31%  RDI 22.24 1.19 5.65%  SOUTH32 22.26 0.26 1.18%  EPP 15.68 0.06 0.38%

 

[Snippit]

JSE, ALSI Swix, JN43 (Updated)

Update 26th Feb:

The Cycle degree correction continues the course.

 

https://jsecharts.bl...-swix-jn43.html

 

 

Labellum foraminis

[Snippit]

JSE ALSI (futures) resumes the correction along with all other ALSI index variants.

 

https://jsecharts.bl...si-futures.html

 

 

alter alter trahere

[Snippit]

JSE, ALSI Swix, JN43 (Updated)

Update 5th Feb:

Intermediate wave ( C ) of Primary wave [C] has a very high probability of comprising 5 Minor waves. Presently the 2nd Minor wave tiptoes towards the turn into the third.

https://jsecharts.bl...-swix-jn43.html

 

 

amissa est in translatione

Edited by Snippit, 05 February 2020 - 04:21 PM.

[Snippit]

JSE, ALSI Swix, JN43

The turn at Intermediate ( B ) of Primary [C] adds more weight to the bearish nature of the pattern. The projection is for if leg ( B ) - [C] will equal ( B ) - [A] which would be a 28% correction from SC1

https://jsecharts.bl...-swix-jn43.html

 

 

Panem et circenses