35854 replies to this topic

[Argento]

At what point do you see the H&S completing the right shoulder for a move lower?

About 350ish points down from here..

 

Futures level 39850ish...the 5H 200 moving average lies there and will be strong support!

 

A

[RBM]

 

Can you upload the excel/text file for this,thanks?

 

Thanks for the upload, buddy

[davidp13]

Don't think the return move is complete yet..my take zig zag to down into next week...!
 
But as always don't know when this green bull gives you wings!
 
A

Return move in motion...don't get sucked into this jump...low is not yet in and more red to follow..but medium term very bullish (right shoulder of inverted H&S forming)!
 
This A,B,C correction was large, so expect the return move to be also large in size, but should bottom early this week!US to continue their grinding higher...
 
Long term count:
 
After reviewing the TOP40 charts and US indexes together with Tony Caldaro's analysis it it safe to say we are still in primary wave 3 and in the process of topping but with one more high left in December, thereafter wave 4 down (6000ish points down!?) should kick in together with seasonal trade taking us down next year (and as S mentioned).
 
Bullmarkets display 5 waves as per Elliot wave!
 
Will post the weekly chart of the waves later!
 
A

At what point do you see the H&S completing the right shoulder for a move lower?

[Plasma]

Was long.....only took a short later the evening. Did get the div.

Aah I see. As a matter of interest how many points were in the dividend P?

24 points

[Argento]

Don't think the return move is complete yet..my take zig zag to down into next week...!

 

But as always don't know when this green bull gives you wings!

 

A

Return move in motion...don't get sucked into this jump...low is not yet in and more red to follow..but medium term very bullish (right shoulder of inverted H&S forming)!

 

This A,B,C correction was large, so expect the return move to be also large in size, but should bottom early this week!US to continue their grinding higher...

 

Long term count:

 

After reviewing the TOP40 charts and US indexes together with Tony Caldaro's analysis it it safe to say we are still in primary wave 3 and in the process of topping but with one more high left in December, thereafter wave 4 down (6000ish points down!?) should kick in together with seasonal trade taking us down next year (and as S mentioned).

 

Bullmarkets display 5 waves as per Elliot wave!

 

Will post the weekly chart of the waves later!

 

A

[Shortboy]

Was long.....only took a short later the evening. Did get the div.

Aah I see. As a matter of interest how many points were in the dividend P?

[Beorn]

Ok, some short term up momentum, I'm going to use this to get a short higher up.

[Beorn]

Bil down +-1.2%

CFR down +-1%

SAb down +-1%

 

Not good for Alsi at all

[Jonker]

So it appears everyone agrees on today being red? What is the main reasons for this.. I see someone talking about a bull flag signal.. Is that the only indicator? Thanks!

[Beorn]

I'm going to sell first thing if I get the opportunity.
Good China PMI figures cant even get a rally started.

[Plasma]

So, if we have a little bull flag in development, then tomorrow we may see 39 000 ish.....no position atm - got rid of short on Friday evening. Should have stayed out then - gave back 100 points. It is one thing I need to fix ... that is to walk away when I have the chips....

You were short? on a big divi Friday? late afternoon? No Plasma, surely not?

Was long.....only took a short later the evening. Did get the div.

[Shortboy]

So what now ? Start shorting? Problem is qe etc still the same, think any taper is the start of a massive drop.

I think 39800 is a buy, 39 200 is a strong by.

[Shortboy]

So, if we have a little bull flag in development, then tomorrow we may see 39 000 ish.....no position atm - got rid of short on Friday evening.  Should have stayed out then - gave back 100 points. It is one thing I need to fix ... that is to walk away when I have the chips....

You were short? on a big divi Friday? late afternoon? No Plasma, surely not?

[bear catcher]

Any ideas sitting whit a long at 40125,sell asap or hold ?

[bear catcher]

So what now ? Start shorting? Problem is qe etc still the same, think any taper is the start of a massive drop.

[davidp13]

http://www.zerohedge...ntered-blow-top<br /><br />Maybe this holds some truth...

[Plasma]

So, if we have a little bull flag in development, then tomorrow we may see 39 000 ish.....no position atm - got rid of short on Friday evening.  Should have stayed out then - gave back 100 points. It is one thing I need to fix ... that is to walk away when I have the chips....

[Zero Hedge]

Futures expiry is normally the third Thursday so that makes it 19 December. For futures pricing you need spot, interest rates as well as dividends falling within the particular period in order for you to know what theoretical futures price is. You can leak a lot of profit trading futures if you don't know where the theoretical futures price is and why the futures are trading where they are trading ie at discount or premium to aforesaid. As mentioned before CFD pricing is more transparent and therefore the easier instrument to trade in my opinion.

[Red]

Ok thanks,when in December does the contract expire?Is there a diffrence in difficulty trading one or the other?

 

regards

[Zero Hedge]

I will go for the CFD as the pricing is more transparent (whilst futures sometimes trade at a premium and other times at discount to spot).A CFD has no fixed maturity so no need to worry about expiry dates. The ALSI Dec future expires mid Dec and open positions will have to be rolled so you will have to know where rolls are trading. Also in my view from a trading cost perspective it's cheaper to trade a CFD than a future.