35854 replies to this topic

[Argento]

Hi Lekkerry,

 

I see the small patterns you are referring to but remember it is also part of a bigger pattern and one needs to be alert when it changes..

 

Dow made a new high yesterday and the NYMO oscillator issued a buy signal so just be cautious

 

Markets tend to be strong in earning season months and especially it being April!

 

I expect a 1400+ points bounce before the next great short opportunity arise

 

A

 

Ok, have done some measurements and calcs and the following prevails:

 

Disclaimer: My observation detailed in quoted post below. It is currently in play and has been for a month and a bit. At any given moment, with the correct thrusting, this pattern may seize to reciprocate  but for now indication are it is intact and well at play.

 

Next long target, if any: I see not even 200 points (if any), until the above pattern introduces a new drop.

 

What to do: ... In my case, as I am working towards 100 points per day, I will contemplate a long for a 100 points today, if 09:00 on-wards seems favorable. If not, a short is the better option.

 

Now to see if this plays out.

[Pipman]

I'm thinking resources may just give the Top40 a nice little leg up today.

[Lekkerry]

Ok, have done some measurements and calcs and the following prevails:

 

Disclaimer: My observation detailed in quoted post below. It is currently in play and has been for a month and a bit. At any given moment, with the correct thrusting, this pattern may seize to reciprocate  but for now indication are it is intact and well at play.

 

Next long target, if any: I see not even 200 points (if any), until the above pattern introduces a new drop.

 

What to do: ... In my case, as I am working towards 100 points per day, I will contemplate a long for a 100 points today, if 09:00 on-wards seems favorable. If not, a short is the better option.

 

Now to see if this plays out.

 

Trending.jpg

 

Sorry boys....
  
Interesting trend, the past couple of days and weeks, that I am noticing: after ALSI turned for the negative +- Feb / March 2013.
 
Background: Breaches of the MA (Bollinger Band) into positive (using 1 hour chart) alongside using a standard MACD as a confirmation (where MACD crossed into positive) – at that specific crossing points (since Feb / March) where both BBand and MACD gave a possible BUY signal, such signals were very short-lived, where ALSI gave at most 200 to 400 points gain, then came down for a substantial drop thereafter.
 
My point: Lower highs galore in play here.
 
My question and red flag: Will this pattern continue, be careful for going after big swings currently?

[Lekkerry]

I have my prediction-socks on. Don't be alarmed AJ, green is here to stay, today - me thinks. I do however believe there is a cap of 300 odd points, before ALSI turns around again. Will do the exact math a bit later.

So, let ALSI show its colours today!

[AJS]

Sup you lekker people!

 

Not going to be fooled by the green across the board, means absolutely nothing for us these days.

 

Keep it up and make it a good one!

 

Peace.

 

[Plasma]

My two p-buddies! ... Har har!
Seriously, Plasma and Pipman, you should see how freaky this pattern is if you draw it from Feb! Uses two basic indicators, but effective ones.

Will replicate your approach.... Need to be on my desktop...cannot on Pad.

[Lekkerry]

My two p-buddies! ... Har har!

Seriously, Plasma and Pipman, you should see how freaky this pattern is if you draw it from Feb! Uses two basic indicators, but effective ones.

[Lekkerry]

for now, I am pattern hunting for mysef, so if it helps more than me, great! Let's see if this pattern plays out further, if it does, then the next goal would be to see until when (my take, until ALSI turns uptrend post June or July).

[Pipman]

Thanks LekkerryGood to have this perspective, will take cognisance.

Trending.jpg
 
Sorry boys....
  Interesting trend, the past couple of days and weeks, that I am noticing: after ALSI turned for the negative +- Feb / March 2013.
 Background: Breaches of the MA (Bollinger Band) into positive (using 1 hour chart) alongside using a standard MACD as a confirmation (where MACD crossed into positive) – at that specific crossing points (since Feb / March) where both BBand and MACD gave a possible BUY signal, such signals were very short-lived, where ALSI gave at most 200 to 400 points gain, then came down for a substantial drop thereafter.
 My point: Lower highs galore in play here.
 My question and red flag: Will this pattern continue, be careful for going after big swings currently?

Yes, thanks Lekkerry, that chart makes interesting reading.

[Plasma]

Trending.jpg
 
Sorry boys....
  Interesting trend, the past couple of days and weeks, that I am noticing: after ALSI turned for the negative +- Feb / March 2013.
 Background: Breaches of the MA (Bollinger Band) into positive (using 1 hour chart) alongside using a standard MACD as a confirmation (where MACD crossed into positive) – at that specific crossing points (since Feb / March) where both BBand and MACD gave a possible BUY signal, such signals were very short-lived, where ALSI gave at most 200 to 400 points gain, then came down for a substantial drop thereafter.
 My point: Lower highs galore in play here.
 My question and red flag: Will this pattern continue, be careful for going after big swings currently?

Thanks Lekkerry

Good to have this perspective, will take cognisance.

[Lekkerry]

 Trending.jpg   53.88KB   94 downloads

 

Sorry boys....
  
Interesting trend, the past couple of days and weeks, that I am noticing: after ALSI turned for the negative +- Feb / March 2013.
 
Background: Breaches of the MA (Bollinger Band) into positive (using 1 hour chart) alongside using a standard MACD as a confirmation (where MACD crossed into positive) – at that specific crossing points (since Feb / March) where both BBand and MACD gave a possible BUY signal, such signals were very short-lived, where ALSI gave at most 200 to 400 points gain, then came down for a substantial drop thereafter.
 
My point: Lower highs galore in play here.
 
My question and red flag: Will this pattern continue, be careful for going after big swings currently?

Edited by Lekkerry, 09 April 2013 - 08:53 PM.

[Plasma]

Me too Plasma.
Added to my longs around the close, so half of my positions are nicely in the money.
Dow/SP are well up and futures (US and EU) are also looking good for us longs at this point.
A doesn't get it right every time, but when he does there is invariably lots of blue sky....
Here's hoping.

Glad and happy for you Pipman after the last couple of tough rounds!! Hope it will be sustained into tomorrow. More that 0.3% up ito IG Market figures.

[Pipman]

The hammer candle can be either green or red.This is a massive after hours turn to the upside. The rocket is firing Zoner!!!!! Me also have a vested interest.

Me too Plasma.
Added to my longs around the close, so half of my positions are nicely in the money.
Dow/SP are well up and futures (US and EU) are also looking good for us longs at this point.
A doesn't get it right every time, but when he does there is invariably lots of blue sky....
Here's hoping.

[Plasma]

We are still down for the day, where is the hammer?

The hammer candle can be either green or red.

This is a massive after hours turn to the upside. The rocket is firing Zoner!!!!! Me also have a vested interest.

[Beorn]

If we end up around here there is a nice bullish hammer on the dailies, should then see green tomorrow!

 

A

 

We are still down for the day, where is the hammer?

[Argento]

If we end up around here there is a nice bullish hammer on the dailies, should then see green tomorrow!

 

A

[Ninja]

TOP 40 needs to hold 34580 this week... to stay in the game, above this level would imply false break to downside.... if she fails here double top break will be for real.... which would imply more downside

[Hit & Run]

Edited by Hit & Run, 09 April 2013 - 05:04 PM.

[zoner]

Appears to be a North Korean Rocket attached to this cat. Only kicking in now  

 

"It's Raining Yen!
Hallelujah! It's Raining Yen!"

[Hit & Run]

Appears to be a North Korean Rocket attached to this cat. Only kicking in now  

 

Dead cat bounce? You mean with a rocket strapped to it's back!