35854 replies to this topic

[Vertebrae]

Thought For The Day...

 

Don't believe anything you read

Don't believe anything you hear

Only believe half of what you see

 

 

[delta66]

gold/silver getting hammered..S&P500 hitting the magic 2100 level = happy days

watch some of our dual listed miners feel the heat come tomorrow

[grantmu]

This is one confused trader, there is so much divergence in the charts at the moment but nothing seems to happen, so here is what I see if I use the IG Cash charts and MACD. 

 

On the daily, this thing is pointed north but at a point that it could turn in about 5 days, the signal line is at it highest for 5 months now. 

On 4 hour, divergence all over the place, but still showing north. 

On 2 hour plenty of divergence and should have turned South on the 12th, still pointed north. 

On 1 hour, plenty plenty divergence. showed a slight dip today and now pointed north again.

On 10 min small divergence with sideways movement, leaning towards north.

 

so with all this divergence it seems that according to the charts SHE is ready to point her titi3s North and step on the gas, so just because i said that and recommit to long tomorrow it will probably do a swift Uturn and prove me right and wrong at the same time.

 

Really confused 

   

 

G

[Beorn]

Pain for the bears tomorrow yet again!<br /><br />This steam train rolling over anything in its way.<br /><br />PS, good news rumors that Greece will ask for bail out extension tomorrow is sending markets into stratosphere. (Like I said would happen today)<br />

[Vertebrae]

Shall we dance?

 

[grantmu]

Watch out....mean reversal this on the dailies!

 

A

is this a macd turn or do you see something else, I only see a turn comming but this could go on for another 2 or 3 days before the turn in my view

[gannet]

Watch out....mean reversal this on the dailies!

 

A

 

Yep ... well under the midpoint of today's trading range (so far)

[Vertebrae]

This Sept-Jan correction was big enough to have been a primary, same size as primary 2 in 2011 IMO!

 

7 year top cycle soon to take over!(2001....2008....2015??)

 

But still got some business left to the upside (after a decent pullback).

 

A

 

Agreed until just now when sizing minute and minors into the frame, whereupon does not compute for me.

If this be Major V, could be Primary IV will look like a high speed bear super cycle

[Argento]

Top formation for the return move down to 44000 futures has begun IMO...but shouldn't break down this week as it could form a right shoulder of a possible H&S first before that elusive drop next week!

 

A

Watch out....mean reversal this on the dailies!

 

A

[Argento]

Emerged via countback of impulse waves..

 

 

T40 Futures(Daily)countback.png

This Sept-Jan correction was big enough to have been a primary, same size as primary 2 in 2011 IMO!

 

7 year top cycle soon to take over!(2001....2008....2015??)

 

But still got some business left to the upside (after a decent pullback).

 

A

[Vertebrae]

I got it as Primary V Major 1 soon to top (end of week?), return move should be Major 2...got a feeling this bullmarket going to top this year already!PF count of the huge triangular is around 49800ish....

 

Agree with Beorn and think this is that euphoria phase where ouma en oupa koop net, but will bring lots of pain later on......!!

 

A

 

Emerged via countback of impulse waves..

 

 

[Argento]

 

My sanpshot update...

 

#1 = Primary III, Major V, Intermediate 3, minor 5, commencing minute 4, target 47400 futures.

Intermediate 4 target 45200.

I got it as Primary V Major 1 soon to top (end of week?), return move should be Major 2...got a feeling this bullmarket going to top this year already!PF count of the huge triangular is around 49800ish....

 

Agree with Beorn and think this is that euphoria phase where ouma en oupa koop net, but will bring lots of pain later on......!!

 

A

[@sirgrantfleming]

Who can say funny money isn't inflating markets? in the situation the world is currently in, and we are all green!

Not that I'm complaining, but it can not be healthy.

That said, I will keep the rest of my longs till end of the week.

If we drop, I will add to long again. Not closing these I have left till Friday.

Why not till after Friday B?

Edited by @sirgrantfleming, 17 February 2015 - 03:46 PM.

[Beorn]

Who can say funny money isn't inflating markets? in the situation the world is currently in, and we are all green!

Not that I'm complaining, but it can not be healthy.

That said, I will keep the rest of my longs till end of the week.

If we drop, I will add to long again. Not closing these I have left till Friday.

[Vertebrae]

My sanpshot update...

 

#1 = Primary III, Major V, Intermediate 3, minor 5, commencing minute 4, target 47400 futures.

Intermediate 4 target 45200.

[OceanWalz]

47000 should be reached by the end of today, nice bull pattern atm

Ole!

[RailRoad]

Closed longs @47015 for 420 pips. Might see some resistance here

[RailRoad]

47000 should be reached by the end of today, nice bull pattern atm

[Beorn]

Added more @ 46550

 

Closed this @ 46720

[Beorn]

 Lat long added @ 46460

 

Closed this one @ 46730