35854 replies to this topic

[Argento]

Bullish sentiment persists

Extension of major wave 3 commenced w/o 23^rd June 2013.

Within this extension sub wave 3 commenced w/o 8^th Dec 2013 from double bottom.

The target of the double bottom is some 700 pips up as I write.

The 3^rd sub-sub wave of sub wave 3 has broken and is approaching top out.

That leaves corrective sub sub wave 4 and final sub sub wave 5 (yet to commence) in order to complete sub wave 3 (of 5).

The daily chart has a falling wedge target of 45540 (TOPI)

The weekly chart has a flag pattern objective of 49190 (short term)

Recent days have seen new all-time high with sideways consolidation to support.

Hands up all those who think this market cannot go higher.

Jee whiz – that’s a lot !! and more than I ever expected…

And yet, somehow I think I will just keep buying any dips for now.

Nice and it fits in with the current US Elliott wave pattern as well, calling for the primary wave 3 to end soon (ending diagonal) and the Kress/40 year cycles (made its low in 1934, in 1974, and now scheduled to do so again in 2014) to roll over and take the markets down (primary wave 4) into October!

 

Markets should then rise again for the final primary wave 5 up and new highs to conclude the bullmarket since 2009, thus making this a 8 year bullmarket and match the previous 2 exceptions in history other than your normal 5 year secular bullmarket!

 

I have a target of around 33 000ish on TOP40F, where do you see primary wave 4 going?

 

Thanks

 

A

[@sirgrantfleming]

hi @sirgrantfleming..if npn follows suit(re: tencent) there's bound to be drawdown on our index.  just my opinion.

Agreed - could be good buying opportunity

[Vertebrae]

Bullish sentiment persists

Extension of major wave 3 commenced w/o 23^rd June 2013.

Within this extension sub wave 3 commenced w/o 8^th Dec 2013 from double bottom.

The target of the double bottom is some 700 pips up as I write.

The 3^rd sub-sub wave of sub wave 3 has broken and is approaching top out.

That leaves corrective sub sub wave 4 and final sub sub wave 5 (yet to commence) in order to complete sub wave 3 (of 5).

The daily chart has a falling wedge target of 45540 (TOPI)

The weekly chart has a flag pattern objective of 49190 (short term)

Recent days have seen new all-time high with sideways consolidation to support.

Hands up all those who think this market cannot go higher.

Jee whiz – that’s a lot !! and more than I ever expected…

And yet, somehow I think I will just keep buying any dips for now.

[Argento]

Charts are lining up for a nice blow off top c'mon..don't miss it!

 

Think we're going to see green fireworks first week of May!

 

A

Don't short too soon, with sentiment being at this subdued levels (graph attached) mr market normally surprises to the upside and it can bite, we have no proof in the charts the top is in...no weekly reversal candle nor through the bollingerband!

 

Seasonally today could still be weak but come Friday the bulls will take charge...!

 

With GDP figures and FOMC statement released today it should create volatile trade!

 

A

Edited by Argento, 30 April 2014 - 09:18 AM.

[delta66]

tencent down 4% - that not going to drag us down?

hi @sirgrantfleming..if npn follows suit(re: tencent) there's bound to be drawdown on our index.  just my opinion.

[delta66]

anyone entering short under 43820?

[@sirgrantfleming]

This bull is having its final death spasms, gentlemen..

 

A, your Bear Army is finally arriving, three months too late. That Blue stuff must have been really powerful to put them out for that long. But rather late than never! 

 

K

tencent down 4% - that not going to drag us down?

[K~~]

Agree with you.

We should see new highs very soon.

 

 

Charts are lining up for a nice blow off top c'mon..don't miss it!

 

Think we're going to see green fireworks first week of May!

 

A

This bull is having its final death spasms, gentlemen..

 

A, your Bear Army is finally arriving, three months too late. That Blue stuff must have been really powerful to put them out for that long. But rather late than never! 

 

K

[gringots]

Do markets go in the direction of expectation?

Or in the direction that will inflict most pain?

What if they the same? ;-P

[delta66]

stopped out after hours for measly profit now watch/wait game

[Beorn]

By the look of things.
All expect higher prices.
Do markets go in the direction of expectation?
Or in the direction that will inflict most pain?

[Vertebrae]

What next for R/$?

It looks as easy as ABC to me...

 

[RusQ]

anyone kind enough to help me further my education?

 

in what way is 'IG cash' related to the underlying?

 

AlsiJun14 (given interest and fair arbitrage), seems to track J200 - nuttink (ito specific entry/exit levels) you guys post makes no sense to poor me?

 

are we dealing with a marketmaker?

what is the spread like?

who you trade against? the market??

 

best now...

[Shortboy]

Today has been gud yes US might end up a bit in the red tonight ( I know they are already 8 points up) but my posi at 1872 is not looking too bad..Maybe they will take us back to that 600 level again..What you think

I don't play S&P so don't have an opinion GB. Lots of important data from Europe, US and China tomorrow. Unless I can position my short/s at a significantly higher level than where we are I think I will bide my time...or maybe buy some dips if any opportunities come up.  

[farouk]

Charts are lining up for a nice blow off top c'mon..don't miss it!

 

Think we're going to see green fireworks first week of May!

 

A

 

Agree with you.

We should see new highs very soon.

[delta66]

still holding cheeky long ..in the money but following closely with trailing stops

if not stopped out then target 44055  then short again from that level.

[Argento]

The BKX (US Banks) is starting to diverge from the overall market and that is a sign this bull phase is nearing it's end, but due to rotation new highs into May still awaits...!

 

A

Charts are lining up for a nice blow off top c'mon..don't miss it!

 

Think we're going to see green fireworks first week of May!

 

A

Edited by Argento, 29 April 2014 - 05:09 PM.

[Shortboy]

Gonna grab me some profit @ 43850 and short the same level..Shortboy..CCI now below 100 and we have some negative divergence..You going short?

You had a great day GB. Well done! I offloaded all my shorts this morning and also did quite well. Yes, I see CCI is now in position. Hoping to catch a short entry further up....don't like opening short positions at this time of the day, reduces risk of getting caught in short covering.

[Argento]

The BKX (US Banks) is starting to diverge from the overall market and that is a sign this bull phase is nearing it's end, but due to rotation new highs into May still awaits...!

 

A

[delta66]

pretty sure easy money will be made but annoyed didn't buy the bottom around 43500