35854 replies to this topic

[RusQ]

blood in the streets?

 

dunno if we there yet. now consider why the market may go up or down? CFR (eg) had VERY consistent buyers at R90 today. what they know that we don't? many institutions (funds of varied descriptions) have worked up a surplus of funds and they have to abide by their rules. tapering is one thing, and in it's own time will have a much bigger effect than we saw sofar.

 

i see no reason why the market can't test previous highs...

[Vertebrae]

It's a Bear that's full of Bull

 

US runs out of steam here ... beeg Kodiak jumps outa da woods!

 

Quite feasible and I lean a little more into the zephyr of the Major A being 38370ish with this bounce being Intermediate B following Intermediate A.

Why else would this godzilla image keep appearing to me?

[gannet]

 

Is it a bull, is it a bear.

.

 

It's a Bear that's full of Bull

 

US runs out of steam here ... beeg Kodiak jumps outa da woods!

[Vertebrae]

Must be 2 godzillas and mating season

 

 

[ZoomZ]

wow..dow high spike call to 16741 precisely  ...now that's just damn good luck.

 

giggle

[Vertebrae]

Market confidence will now reveal its true identity.

Is it a bull, is it a bear.

Don't look if godzilla frightens you.

[ZoomZ]

Qbre77 thank goodness my post can remain there for you to read it again...and again if necessary. you obviously with your post illustrate you have not worked in an investment bank trading proprietary. no consistent and constant success..no job. I wish for no more discourse on this subject. back to alsi for me.

[Qbre77]

Even for successful traders nothing is ever close to certain.
You are always operating in a gray fog.
Its only that particular traders confidence that varies.
The best trades that you will ever see will always be described by uncertain words.
such as usually, likely, and probably
Because uncertain words are the most accurate descriptions of the reality that traders face.

--------------------------

gentlemen...ladies

anyone that writes, believes or subscribes to this above comment could not possibly have worked as a professional prop desk trader for a major or minor inv bank/trading operation....with respect Vertebrae.

Can you imagine one's boss thinking the above comment is true....who would get a job on that premise?? this implies all traders are fogged in their skill sets and ruled by trading vagaries and luck?

no, successful and thus rich traders have gained preeminent skill, knowledge and know-how to consistently and very successfully read markets/trends and enter and exit trades for profit constantly and consistently in their trading. FACT....

good weekend all.

What separates professional traders from novices is risk and  money management . If you think that there is absolute certainty in the market you are extremely naive and are showing it with this comment

[ZoomZ]

weakness seems inevitable BUT the dow must break down now....or may fake us to 16728..if it breaks up there it will test 16741..breaks there we go to 16937. the dow has strength in the MA's pushing from below. all about dollar weakness.. So rather a Black Monday anyone.. adios

[davidp13]

Take your pick. My view is more weakness ahead...

 

ALSI_60mins_24102014.PNG

im with you

check again the flag formation on BHP and now i found on on SOL as well - posting on CFD thread.

[ZoomZ]

Even for successful traders nothing is ever close to certain.
You are always operating in a gray fog.
Its only that particular traders confidence that varies.
The best trades that you will ever see will always be described by uncertain words.
such as usually, likely, and probably
Because uncertain words are the most accurate descriptions of the reality that traders face.

--------------------------

gentlemen...ladies

anyone that writes, believes or subscribes to this above comment could not possibly have worked as a professional prop desk trader for a major or minor inv bank/trading operation....with respect Vertebrae.

Can you imagine one's boss thinking the above comment is true....who would get a job on that premise?? this implies all traders are fogged in their skill sets and ruled by trading vagaries and luck?

no, successful and thus rich traders have gained preeminent skill, knowledge and know-how to consistently and very successfully read markets/trends and enter and exit trades for profit constantly and consistently in their trading. FACT....

good weekend all.

[AJS]

Take your pick. My view is more weakness ahead...

 

 ALSI_60mins_24102014.PNG   45.62KB   65 downloads

[Lekkerry]

You, good sir (or madam) are probably right!

 

Even for successful traders nothing is ever close to certain.

You are always operating in a gray fog.

Its only that particular traders confidence that varies.

The best trades that you will ever see will always be described by uncertain words.

such as usually, likely, and probably
Because uncertain words are the most accurate descriptions of the reality that traders face.

[Vertebrae]

Even for successful traders nothing is ever close to certain.

You are always operating in a gray fog.

Its only that particular traders confidence that varies.

The best trades that you will ever see will always be described by uncertain words.

such as usually, likely, and probably
Because uncertain words are the most accurate descriptions of the reality that traders face.

[AJS]

We all have a different opinion here which is cool. Mine is, we are going sideways as per the graph and then upwards on another inexplicable rise. Just as in previous environments going back 100 years. Only a matter of time.

 

Any bear that presents itself will not be able to "cure" the financial system. If there is another "bear" soon, that will keep the dotted line flat a while longer, following that another rise of bullish emotions.

 

After real dread, there's only one emotion left and that's hope. I think there's no real bear left today, he's just a straw man for the bull. That flat top is going to break upwards no matter how much people know.

 

I'm playing with what I can afford:

 

Any significant break out, on that 14/15 year flat top dotted line - Long and hold.

or

Any meaningful correction, preferably "bear" - Long

 

Just my opinion.

 

Just remember that something as a 20% - 25% market correction/crash appears as a mere blip if you draw up a long term chart like that. So yes, when looking at things from such a high level if won't really matter... Just a thought.

[Daytrade]

We all have a different opinion here which is cool. Mine is, we are going sideways as per the graph and then upwards on another inexplicable rise. Just as in previous environments going back 100 years. Only a matter of time.

 

Any bear that presents itself will not be able to "cure" the financial system. If there is another "bear" soon, that will keep the dotted line flat a while longer, following that another rise of bullish emotions.

 

After real dread, there's only one emotion left and that's hope. I think there's no real bear left today, he's just a straw man for the bull. That flat top is going to break upwards no matter how much people know.

 

I'm playing with what I can afford:

 

Any significant break out, on that 14/15 year flat top dotted line - Long and hold.

or

Any meaningful correction, preferably "bear" - Long

 

Just my opinion.

 

 

Attached Files

•  dow-jobnes.jpg   69.75KB   6 downloads

[gannet]

Hello A

I have been reading EW chartist Pretcher.

All he said was "THIS IS IT"

The last time he used these words was in 2008.

So far as charts are concerned Argento if you can recall not long ago i gave you a chart of US dollar Index

and i warned of a Head and Shoulders.I did say when that breakout happens the Dollar is going to strengthen big time.

Well if you pull that chart out you will notice that the breakout did take place.

Charts are very clear Dollar up big time......Euro to crash big time.....oil to crash big time.....Gold my favourite will drop very soon to

$1050 to $1100 before a massive upside to $1400 and then a crash to $700 to $800

The big picture is very clear from all charts.

The writing is on the charts.The downside has only begun.More downside to come to take us to down on wave 1.

Thereafter expect wave 2 with some Fed intervention.Now don't get caught in this wave 2 trap because wave 3 is going to clean the

small players.

Argento to sum it all "prepare for the worst"

The key to all charts will be treasury bonds interest rate.

Deflation and the Ghost of 1929 are coming to haunt us.

Good luck to all and be very careful on how you play the marlkets.

The volatality confirms that the upside is over.

 

An outstanding post and one I'm fully in sync with.

 

Thank you Farouk

[Argento]

Hello A

I have been reading EW chartist Pretcher.

All he said was "THIS IS IT"

The last time he used these words was in 2008.

So far as charts are concerned Argento if you can recall not long ago i gave you a chart of US dollar Index

and i warned of a Head and Shoulders.I did say when that breakout happens the Dollar is going to strengthen big time.

Well if you pull that chart out you will notice that the breakout did take place.

Charts are very clear Dollar up big time......Euro to crash big time.....oil to crash big time.....Gold my favourite will drop very soon to

$1050 to $1100 before a massive upside to $1400 and then a crash to $700 to $800

The big picture is very clear from all charts.

The writing is on the charts.The downside has only begun.More downside to come to take us to down on wave 1.

Thereafter expect wave 2 with some Fed intervention.Now don't get caught in this wave 2 trap because wave 3 is going to clean the

small players.

Argento to sum it all "prepare for the worst"

The key to all charts will be treasury bonds interest rate.

Deflation and the Ghost of 1929 are coming to haunt us.

Good luck to all and be very careful on how you play the marlkets.

The volatality confirms that the upside is over.

Thanks Farouk...appreciate!

 

A

[farouk]

Liquidity liquidity liquidity!!

 

This wave up (B leg?) since mid October (41200 futures) almost retraced 50% of the downmove so if this is the C leg that kicked off prepare for the worst!

 

The primary III was driven by QE3 so with it begin gone could we go to 38000!!!? Is where major 4 bottomed December 2013!

 

Farouk, you very quiet during this correction, please show us some graphs and share your view?

 

Thanks in advance

 

A

Hello A

I have been reading EW chartist Pretcher.

All he said was "THIS IS IT"

The last time he used these words was in 2008.

So far as charts are concerned Argento if you can recall not long ago i gave you a chart of US dollar Index

and i warned of a Head and Shoulders.I did say when that breakout happens the Dollar is going to strengthen big time.

Well if you pull that chart out you will notice that the breakout did take place.

Charts are very clear Dollar up big time......Euro to crash big time.....oil to crash big time.....Gold my favourite will drop very soon to

$1050 to $1100 before a massive upside to $1400 and then a crash to $700 to $800

The big picture is very clear from all charts.

The writing is on the charts.The downside has only begun.More downside to come to take us to down on wave 1.

Thereafter expect wave 2 with some Fed intervention.Now don't get caught in this wave 2 trap because wave 3 is going to clean the

small players.

Argento to sum it all "prepare for the worst"

The key to all charts will be treasury bonds interest rate.

Deflation and the Ghost of 1929 are coming to haunt us.

Good luck to all and be very careful on how you play the marlkets.

The volatality confirms that the upside is over.

[Argento]

Liquidity liquidity liquidity!!

 

This wave up (B leg?) since mid October (41200 futures) almost retraced 50% of the downmove so if this is the C leg that kicked off prepare for the worst!

 

The primary III was driven by QE3 so with it begin gone could we go to 38000!!!? Is where major 4 bottomed December 2013!

 

Farouk, you very quiet during this correction, please show us some graphs and share your view?

 

Thanks in advance

 

A

Edited by Argento, 24 October 2014 - 09:44 AM.