35854 replies to this topic

[Ms Jet]

Nasdaq set up for another leg down? This bounce giving the jse bears something to chew.

Hoping for 6300 on nasdaq 100  ..or 50 R on satrix nasdaq .....

[gannet]

So we fall to next Thu or rally to next Thu. Place your gets gentlemen (and ladies)

 

Nasdaq set up for another leg down? This bounce giving the jse bears something to chew.

[Ms Jet]

I am not an educator and have no desire to become one. 

I don't offer trading instructions. What you see is what you get.

Because I can see that you need some directions and are going the wrong way about getting them, I suggest as follows...

The Elliott theory is generally unknown because programmers are unable to concoct algorithms that can even approach the cognitive abilities of the human brain with the art of pattern recognition.

It is an additional and optional system of technical analysis. Before evaluating it you should already be a competent user of the more popular technical analysis methods, including Fibonacci ratios.

Once this is you then to succeed with Elliott Wave Theory (EWT) first you need to understand  the concept, the 3 rules and then it becomes important to be able to correctly apply the many guidelines. An ability to see patterns in a chart is something that needs to become natural to you and takes constant practice.

When you are ready, download and go through this lot...  https://0104.nccdn.n...e-Principle.pdf

I don't get dogmatic with non-essentials. It is in any case an art form surrounding a small hard-wired core. 

If you see P2 and wonder what I am getting at then I doubt that you will be getting anything much from my charts.

Start with learning the basic technical analysis and see how far you get. Good luck if you decide to go for it. 

Remember that whatever you do, it is your choice every step and always will be.

Thank you, appreciated.

[Snippit]

So if corrective wave base is P2, am I correct in saying a futher upswing? And where are we in Elliot wave then on wave 3 or 5? Really trying to get my head around this and googling but need check Im understanding this???? Snippit do you use candles? Are candles suitable for investors or longer term traders? Im not very interested in day trading as risky for a newbie...but don't mind selling after a few weeks if profitable or holding shares long term also if profitable...Like all of us Im in this for the $$$$$ and not for my health...please let me know if off the mark re my assumption Elliot...

 

 

I am not an educator and have no desire to become one. 

I don't offer trading instructions. What you see is what you get.

Because I can see that you need some directions and are going the wrong way about getting them, I suggest as follows...

The Elliott theory is generally unknown because programmers are unable to concoct algorithms that can even approach the cognitive abilities of the human brain with the art of pattern recognition.

It is an additional and optional system of technical analysis. Before evaluating it you should already be a competent user of the more popular technical analysis methods, including Fibonacci ratios.

Once this is you then to succeed with Elliott Wave Theory (EWT) first you need to understand  the concept, the 3 rules and then it becomes important to be able to correctly apply the many guidelines. An ability to see patterns in a chart is something that needs to become natural to you and takes constant practice.

When you are ready, download and go through this lot...  https://0104.nccdn.n...e-Principle.pdf

I don't get dogmatic with non-essentials. It is in any case an art form surrounding a small hard-wired core. 

If you see P2 and wonder what I am getting at then I doubt that you will be getting anything much from my charts.

Start with learning the basic technical analysis and see how far you get. Good luck if you decide to go for it. 

Remember that whatever you do, it is your choice every step and always will be.

[Ms Jet]

The debates will never end. The news will never end. The fundamental need to know more and more and more will never end.

Eventually you will follow the loudest noise and come a cropper. Then you will rinse and repeat.

Until one day you decide to stop being a sheep and either leave the kitchen or learn how to trade or invest (cook) for yourself. Until then you are fair game and hunting season for your species never closes. 

And the best con artist is the one that you believe could never ever be a con artist.

Be safe or be stupid, your choice.

 

The JSE Top 40...  you got to be crazy...

 

https://wavecount.bl...p-40-index.html

 

So if corrective wave base is P2, am I correct in saying a futher upswing? And where are we in Elliot wave then on wave 3 or 5? Really trying to get my head around this and googling but need check Im understanding this???? Snippit do you use candles? Are candles suitable for investors or longer term traders? Im not very interested in day trading as risky for a newbie...but don't mind selling after a few weeks if profitable or holding shares long term also if profitable...Like all of us Im in this for the $$$$$ and not for my health...please let me know if off the mark re my assumption Elliot...

[Snippit]

Added Satrix Financial (stxfin)...

 

https://jsecharts.bl...-portfolio.html

 

[Snippit]

The debates will never end. The news will never end. The fundamental need to know more and more and more will never end.

Eventually you will follow the loudest noise and come a cropper. Then you will rinse and repeat.

Until one day you decide to stop being a sheep and either leave the kitchen or learn how to trade or invest (cook) for yourself. Until then you are fair game and hunting season for your species never closes. 

And the best con artist is the one that you believe could never ever be a con artist.

Be safe or be stupid, your choice.

 

The JSE Top 40...  you got to be crazy...

 

https://wavecount.bl...p-40-index.html

 

[gannet]

Sideways action should just break down again next week..sell sell sell, should enter the 44/43k zone next week, thought it would happen in months but that huge top formation pushing her straight down...W3 down should start on Monday!!

 

A

 

So we fall to next Thu or rally to next Thu. Place your gets gentlemen (and ladies)

[Argento]

Nice play!

 

Ye, bears keep on smacking her down, change good SAFEX will chase the lows IG put in last night! Could still be a sideways down wedge building for a bigger jump, daily macd getting very stretched!But could easily put in another 1000p down into Monday!

 

A

Sideways action should just break down again next week..sell sell sell, should enter the 44/43k zone next week, thought it would happen in months but that huge top formation pushing her straight down...W3 down should start on Monday!!

 

A

[Argento]

brave soul i am went long at 45400 overnight and closed at 46000 this morning. Now short from 45900

 

I dont do Elliot wave as i cannot understand it but my overall opinion is US is getting into correction mode as there daily 200 ema has been under constant pressure and says a lot. Think time bomb there and major correction ahead. 10 year bull market has got to give soon. My play is short any bounce and working wonders with a quick scalp to catch the  dead cats.

Nice play!

 

Ye, bears keep on smacking her down, change good SAFEX will chase the lows IG put in last night! Could still be a sideways down wedge building for a bigger jump, daily macd getting very stretched!But could easily put in another 1000p down into Monday!

 

A

[Polly]

brave soul i am went long at 45400 overnight and closed at 46000 this morning. Now short from 45900

 

 

targeting 45400 minimum

[Polly]

Ye, should be the C leg up on the markets, had an A, then B down for a higher low and now C into ECB next week!SPX could target that 2860 level...

 

Interesting, second time IG plunged afterhours and recovered then SAFEX had a mean rally starting!

 

But trend still down so just a scenario, she could easily just continue down, very strong downtrend this!

 

A

 

brave soul i am went long at 45400 overnight and closed at 46000 this morning. Now short from 45900

 

I dont do Elliot wave as i cannot understand it but my overall opinion is US is getting into correction mode as there daily 200 ema has been under constant pressure and says a lot. Think time bomb there and major correction ahead. 10 year bull market has got to give soon. My play is short any bounce and working wonders with a quick scalp to catch the  dead cats.

Edited by Polly, 19 October 2018 - 10:28 AM.

[Argento]

I think you are on the money again! Short squeeze possible. SnP to around 2890 late next week? Let it rain green

Ye, should be the C leg up on the markets, had an A, then B down for a higher low and now C into ECB next week!SPX could target that 2860 level...

 

Interesting, second time IG plunged afterhours and recovered then SAFEX had a mean rally starting!

 

But trend still down so just a scenario, she could easily just continue down, very strong downtrend this!

 

A

[Snippit]

The 15 min ALSI chart indicates the conclusion of minute wave ii 

 

https://jsecharts.bl...0/jse-alsi.html

 

 

posted @ 09h18

Edited by Snippit, 19 October 2018 - 09:36 AM.

[gannet]

The Satrix Resources needs a little more time but the Satrix Industrial looks about ready...

 

https://jsecharts.bl...-portfolio.html

 

 

Good work Snippit

[gannet]

ALSI setting herself up for a big move up next week into ECB, this sideways down action and +divi is sure looks llke, it, daily macd also getting stretched. But should just be a rally to sell again....might just pop few hundred points above that 48k fut to suck in longs and then lower lows should follow! Given that the w5 did not transpire calling for this sideways action to be bearish flag aka w2 of a huge down 5 wave structure aiming for 42k fut Nov/Dec! Huge top formation driving her down....risk is currently on the short side, we all know how quick these bear market rallies happen!

 

A

 

I think you are on the money again! Short squeeze possible. SnP to around 2890 late next week? Let it rain green

[Snippit]

Thanks S, Im watching nasdaq closely as intend buying in but at the big drop maybe about dec...hoping for 15% drop further...and rand to get stronger will buy the satrix nasdaq etf...like before

 

The Satrix Resources needs a little more time but the Satrix Industrial looks about ready...

 

https://jsecharts.bl...-portfolio.html

 

[Argento]

ALSI setting herself up for a big move up next week into ECB, this sideways down action and +divi is sure looks llke, it, daily macd also getting stretched. But should just be a rally to sell again....might just pop few hundred points above that 48k fut to suck in longs and then lower lows should follow! Given that the w5 did not transpire calling for this sideways action to be bearish flag aka w2 of a huge down 5 wave structure aiming for 42k fut Nov/Dec! Huge top formation driving her down....risk is currently on the short side, we all know how quick these bear market rallies happen!

 

A

[Snippit]

Turning point, maybe...

 

https://jsecharts.bl...0/alsi-jse.html

 

[Ms Jet]

Thanks S, Im watching nasdaq closely as intend buying in but at the big drop maybe about dec...hoping for 15% drop further...and rand to get stronger will buy the satrix nasdaq etf...like before