35854 replies to this topic

[Argento]

The funds are regulating this correction very well, looks like consolidation atm for a quick spike up Thursday morning (short opportunity), then down again the afternoon into friday!

 

Cycles and Elliot waves point to a low sometime next week.(Wednesday 08th May?)

 

A

[Lekkerry]

34000 (J200) is rock solid support.

[JBlack]

Right. Yet another sucessful day. Going to step away now and have a beer....

[JBlack]

Chicago PMI figure is bad. Worse than expected. People saying this will indicate non-farm payroll report will be bad too. The red tide is coming..

[bear catcher]

Hope we gonna break 34000

[JBlack]

Our trade balance gave us a bit of a jump there. Better than expected.

[bear catcher]

easy part done... now difficult part is being patient with the shorts and letting the profits run

Ninja what would be the turning point for today , went well and then the shoot up of 200 points ???

[JBlack]

Well the US futures are flat to red. Which indicates to me they will drop today.

Oh!  there goes my big planned May seasonal  Shorts idea! so it seems bullish then in May ? then US better drop tonight

[OceanWalz]

Oh!  there goes my big planned May seasonal  Shorts idea! so it seems bullish then in May ? then US better drop tonight

[JBlack]

Don't know about the Big Klap Event but we have already dropped 480 points on the Top40 today.....

[JBlack]

Entered another sell at the 34350 level on Top40. Now it must stay below that!

[Argento]

Don't think we will see new highs in May already but gonna be a good push up!

 

Wait for that impulsive long squeeze killer move down, then you know the low is near!

 

A

Thanks Argento. ....thank you very much (sarcastic)

 

I am getting my head around why not the big-klap down and now settling into a nice Sell in May scenario-planning (entry points and possible exit points), now you jumping on the opposite side again saying May will usher in new highs! <roll eyes, pull hair, cock neck to the side and drool, confusingly>

 

But seriously, thanks for your insights, as always: much appreciated.

[Beorn]

Thanks Argento. ....thank you very much (sarcastic)

 

I am getting my head around why not the big-klap down and now settling into a nice Sell in May scenario-planning (entry points and possible exit points), now you jumping on the opposite side again saying May will usher in new highs! <roll eyes, pull hair, cock neck to the side and drool, confusingly>

 

But seriously, thanks for your insights, as always: much appreciated.

 

 

[Lekkerry]

Thanks Argento. ....thank you very much (sarcastic)

 

I am getting my head around why not the big-klap down and now settling into a nice Sell in May scenario-planning (entry points and possible exit points), now you jumping on the opposite side again saying May will usher in new highs! <roll eyes, pull hair, cock neck to the side and drool, confusingly>

 

But seriously, thanks for your insights, as always: much appreciated.

 

That big klap is already in motion, being the last leg down of the double top formation!US will also join but after their 4-5% drop they too will rally to new highs in May that will be bullish!

 

 

A

[Argento]

That big klap is already in motion, being the last leg down of the double top formation!US will also join but after their 4-5% drop they too will rally to new highs in May that will be bullish!

 

In my analysis the markets has already started with the biiiig top formation for next years bear market (Kress cycle), so due to April being unusual red, except for the last week, May should be inverted and take us back up together with commodities!

 

June-Aug should create a zig zag and fits in with the seasonal trend to take us to new highs and the ultimate top (Oct?) after the August correction!

 

A

Lingering thought, all the gains for this year has been wiped from ALSI. If US falls (and noting there is very little correlation between us and them atm), the world needs to be dumped into recession (or QE revoked), before ALSI takes an uber knock. Is this a fair assessment (upfront)?

 

A 300 or 400 point drop is not a cause for concern (yet).

 

The seasonality is also at play now. Any big-klap theory (at least in my opinion) is out the window after today. Any down-movement following tomorrow is purely seasonal and to be expected. A surprise would be if ALSI starts ticking up sooner rather than later.

 

Having said the above, today will be my last day with a bulls-cap on. From here I will use the bear-glasses.

[Lekkerry]

Lingering thought, all the gains for this year has been wiped from ALSI. If US falls (and noting there is very little correlation between us and them atm), the world needs to be dumped into recession (or QE revoked), before ALSI takes an uber knock. Is this a fair assessment (upfront)?

 

A 300 or 400 point drop is not a cause for concern (yet).

 

The seasonality is also at play now. Any big-klap theory (at least in my opinion) is out the window after today. Any down-movement following tomorrow is purely seasonal and to be expected. A surprise would be if ALSI starts ticking up sooner rather than later.

 

Having said the above, today will be my last day with a bulls-cap on. From here I will use the bear-glasses.

[JBlack]

So does FTSE.... Guess everybody execting bad unemployment figures for Eurozone out in 8 minutes...

And the US futures go red....

[JBlack]

And the US futures go red....

[AJS]

Greetings from a sunny, yet chilly London guys! Hope all is going well and that everyone is still smiling all the way to the bank!

 

Keep well!  

[Beorn]

No mate, its binary options. If we go up to around 34300 or 34350 then the sells at 475 and 500 would be viable. i.e. 10 to 15 points profit at R100 a point.

 

Ok