35854 replies to this topic

[farouk]

Keep in mind if 35600 gives then its down to 35130.....gap to fill.

My eyes also on the way south..the entry was 36,085 

You should be close to level pegs now chubby? 

 

If 722 is not strong enough we are looking @ another 200 points down.

[Mhlato]

Yep agreed..we gonna have a retest @ 35750 again shortly tho..I hope you have a big pension

 

My eyes also on the way south..the entry was 36,085 

You should be close to level pegs now chubby? 

 

If 722 is not strong enough we are looking @ another 200 points down.

[Mhlato]

Mhlato's 1Hour thingy seems to have turned down south as well...so  yaaa, till Bernanke, shorts-R-us!

 

The entry point was @ 11:30 @ 35,085. But as Ninja said, it won't last, we might have reached the low for the day @722

 

My thingy went on disability pension about 10 years ago

[Redeemer]

Chubby NO!

 

I strictly meant the 1H EMA & BBM indicator!!!

 

ha ha ha ha!

 

Mhalatos thingy? has gone south? sounds dodgy redeemer

[Ninja]

Mhalatos thingy? has gone south? sounds dodgy redeemer

well even Mhalato's thingy won't last an hour!!!

[Redeemer]

Mhlato's 1Hour thingy seems to have turned down south as well...so  yaaa, till Bernanke, shorts-R-us!

[Argento]

Thanks Farouk!

Looking at the attached graph (SPX vs VIX divergence) it seems clear the downside is not done yet...!!

A

[farouk]

Markets are still bullish so as long as the uptrend line holds.

At present the line is at 35280 and it increases by +-120 points per day.

Looking into the daily chart the Alsi is overbought and is finding resistenance @ her 50dma +-35958.

On the 1 hr chart the BB are tightening so a big move is coming.

The market is now in the hands of Congress.Its how they rattle Ben that will give it direction.

Looking into US indexes we could see a double top.

I would sit on hands and wait for confirm direction.

[Mad Max]

Like I said, the Running of the Bulls... is over.

You win !

[Ninja]

Hi Farouk,

What is your take on the markets? Is it possible we can see another selloff like we did in August 2011?

Thanks

A

and remember Farouk.... you're fasting so nothing but the plain truth....lol

[Ninja]

me thinks all depends on what bernankes plans are with tapering.... how much time will he give markets between announcing qe tapering and actually tapering??? 

this is whats driving market volatility

both are inevitable.... he will announce tapering and US will taper!! and markets will correct!! 

but who knows.... we could have another 30% upside.... or not!!

Edited by Ninja, 16 July 2013 - 11:07 AM.

[zoner]

Like I said, the Running of the Bulls... is over.

 

Really, with a graph like the one below me thinks it is the opposite !

[Argento]

Hi Farouk,

What is your take on the markets? Is it possible we can see another selloff like we did in August 2011?

Thanks

A

[Ninja]

i'm afraid not big enough.....lol

[Ninja]

see... i'm not wise and my circle of friends are also not wise. yesterday i spoke to all of them and they were all bullish. that meant they all bought in already and were waiting for upside. when the wheel wobbles me and my circle of friends will be the first to sell!! so lets see if the wheel does wobble!!

[Argento]

 

Whats everyones take on the pricing in the last few days..Are we bullish/bearish what levels are you looking at?

 
Read an article from Tony Caldaro yesterday, very good analyst and they predict that after this final leg up US (1699?) should make a major wave 4 down into August!

Our weekly MACD looks very weak after this leg up and starting to turn down..my take is sideways till later in the month and then down!

A

[K~~]

I'm still bearish. My short is still open looking for the gap at 35200 to close. First stop 35800-ish, but I'm holding on for the long haul.

 

Whats everyones take on the pricing in the last few days..Are we bullish/bearish what levels are you looking at?

 

[K~~]

Looks like we will be better off watching grass grow than looking at the screen today.

[K~~]

Your crystal ball has 20/20 vision!

daily candle - bearish engulfing

[Ninja]

can't blame me for feeling bearish.. dow was up a massive 3 points on friday and another 16 up today so far!!!