35854 replies to this topic

[Beorn]

IMO,<br />Selling will now only intensify!

[ZoomZ]

premature....dow is dying to close that gap at 16600 alsi way oversold though...but tech and sentiment damage grotesque.

[Beorn]

43500 futures might just have been the low for this move, know I am not supposed to pick a bottom but charts don't support a move lower, there is no negative divergence on the monthly chart yet and still supporting my view that this is only Intermediate IV of Major 5 of Primary III.

I am waiting for a retest tomorrow of the 43500ish futures level and will start accumulating longs....this move is overextended and according to Elliot we will see new highs into year end!Interest rates are still low and although QE ends this bull will march on into next year, where else are investors going to put their money!!?

Just IMO though....

A

We should see a nice green daily candle tomorrow to confirm an engulfing candle and kick off the next leg up....long it is boys!!

I am bullish now!

A

Goodluck!

[Argento]

43500 futures might just have been the low for this move, know I am not supposed to pick a bottom but charts don't support a move lower, there is no negative divergence on the monthly chart yet and still supporting my view that this is only Intermediate IV of Major 5 of Primary III.

 

I am waiting for a retest tomorrow of the 43500ish futures level and will start accumulating longs....this move is overextended and according to Elliot we will see new highs into year end!Interest rates are still low and although QE ends this bull will march on into next year, where else are investors going to put their money!!?

 

Just IMO though....

 

A

We should see a nice green daily candle tomorrow to confirm an engulfing candle and kick off the next leg up....long it is boys!!

 

I am bullish now!

 

A

[Vertebrae]

ECB don't know why they bother with a meeting statement, 

 

Another non event. Paella on toast again.

I want to be Fed properly, Grits much better.

[grantmu]

ECB don't know why they bother with a meeting statement, 

[Motion Picture]

yaa...more visible on the 10 minute chart...but looks like she's losing steam now. Cutting my longs here. Leaving a small portion to run.

 

Ok, I'm satisfied for today. Closing the rest of my longs for an aggregate of about 260 pips.

[Vertebrae]

Rem: Exhaustion and breakaway gaps still presiding.

 

Plus intermediate gap just closed - lunch time

[Argento]

I dont see the market rallying, even if Draghi drops a bom on the bears.
Just my opinion though.
I'm holding wats left of my shorts.
Might even add some if we pop due to Draghi and US data

Let's see if my EW theory proves you wrong!

 

A

[Argento]

If Draghi gives full blown QE then market will have orgasm and you will certainly be King of the Mountains in my book.

I can't see it, but I sure can imagine it.

And I will see another impulsive 3rd this year after all. Now I start salivating.

Top formations like the one we had since June is crucial, and currently we don't have one in place to end this bear, my take rally up for new highs into December from here and only then Primary IV to kick off into March next year (more nasty)...it has only been a 3700 point drop and everybody is screaming bear...same point movements we saw in Jan/Feb!

 

Was a good spike in the SPYDER volume graph so pointing to a possible low coming in the US indexes too, my take they are still busy with minor 2 of Intermediate V of Major 5 of Primary III so their count differ from ours!

 

Going to play the big waves now!

 

A

Edited by Argento, 02 October 2014 - 01:12 PM.

[Beorn]

43500 futures might just have been the low for this move, know I am not supposed to pick a bottom but charts don't support a move lower, there is no negative divergence on the monthly chart yet and still supporting my view that this is only Intermediate IV of Major 5 of Primary III.

I am waiting for a retest tomorrow of the 43500ish futures level and will start accumulating longs....this move is overextended and according to Elliot we will see new highs into year end!Interest rates are still low and although QE ends this bull will march on into next year, where else are investors going to put their money!!?

Just IMO though....

A

If Draghi gives full blown QE then market will have orgasm and you will certainly be King of the Mountains in my book.
I can't see it, but I sure can imagine it.
And I will see another impulsive 3rd this year after all. Now I start salivating.

I dont see the market rallying, even if Draghi drops a bom on the bears.
Just my opinion though.
I'm holding wats left of my shorts.
Might even add some if we pop due to Draghi and US data

[Vertebrae]

43500 futures might just have been the low for this move, know I am not supposed to pick a bottom but charts don't support a move lower, there is no negative divergence on the monthly chart yet and still supporting my view that this is only Intermediate IV of Major 5 of Primary III.

 

I am waiting for a retest tomorrow of the 43500ish futures level and will start accumulating longs....this move is overextended and according to Elliot we will see new highs into year end!Interest rates are still low and although QE ends this bull will march on into next year, where else are investors going to put their money!!?

 

Just IMO though....

 

A

 

If Draghi gives full blown QE then market will have orgasm and you will certainly be King of the Mountains in my book.

I can't see it, but I sure can imagine it.

And I will see another impulsive 3rd this year after all. Now I start salivating.

[Plasma]

Long from 43 315

Plasma, without disrespect or arrogance, but I've been reading your posts for a long time now and you're making the same mistakes I did blowing my (big) account - going against the trend, emotional buying and selling, trading what I think will happen, resulting in always selling at the bottom and buying at the top. I lost almost all my money selling shorts as the bull went up and currently sit with a huge homeloan to pay, no job and just trading (because I have to and luckily I like it). Now I'm with the trend and will be lucky if I can recoup only a 10th of what I've lost.

There's now ways that this thing is going up again soon, even with more QE. Just look at the ICHImoku indicator on the longer (daily, 4h, 1h) time frames. I think the market is eventually catching up with the fundamentals.

Thanks for the sharing BBW. Not disrespect read into your post. . The routes that we take and experience to become consistently profitable appears to be universally tough. But we will get there!

[Vertebrae]

Now we know what HDB doing.

[Motion Picture]

possible inv h&s, testing neckline now, upside of 250 pionts, correct?

yaa...more visible on the 10 minute chart...but looks like she's losing steam now. Cutting my longs here. Leaving a small portion to run.

[saint1]

possible inv h&s, testing neckline now, upside of 250 pionts, correct?

[Vertebrae]

This leg bouncing from 161% of Intermediate 3-4

Retrace can hurt shorts. Beware of bees.

[Argento]

Plasma, without disrespect or arrogance, but I've been reading your posts for a long time now and you're making the same mistakes I did blowing my (big) account - going against the trend, emotional buying and selling, trading what I think will happen, resulting in always selling at the bottom and buying at the top. I lost almost all my money selling shorts as the bull went up and currently sit with a huge homeloan to pay, no job and just trading (because I have to and luckily I like it). Now I'm with the trend and will be lucky if I can  recoup only a 10th of what I've lost.

 

There's now ways that this thing is going up again soon, even with more QE. Just look at the ICHImoku indicator on the longer (daily, 4h, 1h) time frames. I think the market is eventually catching up with the fundamentals.

43500 futures might just have been the low for this move, know I am not supposed to pick a bottom but charts don't support a move lower, there is no negative divergence on the monthly chart yet and still supporting my view that this is only Intermediate IV of Major 5 of Primary III.

 

I am waiting for a retest tomorrow of the 43500ish futures level and will start accumulating longs....this move is overextended and according to Elliot we will see new highs into year end!Interest rates are still low and although QE ends this bull will march on into next year, where else are investors going to put their money!!?

 

Just IMO though....

 

A

[Motion Picture]

Long from 43 315

Nice call P. But please watch it closely. trend is still generally down, she may turn anytime.

[BBW]

Long from 43 315

Plasma, without disrespect or arrogance, but I've been reading your posts for a long time now and you're making the same mistakes I did blowing my (big) account - going against the trend, emotional buying and selling, trading what I think will happen, resulting in always selling at the bottom and buying at the top. I lost almost all my money selling shorts as the bull went up and currently sit with a huge homeloan to pay, no job and just trading (because I have to and luckily I like it). Now I'm with the trend and will be lucky if I can  recoup only a 10th of what I've lost.

 

There's now ways that this thing is going up again soon, even with more QE. Just look at the ICHImoku indicator on the longer (daily, 4h, 1h) time frames. I think the market is eventually catching up with the fundamentals.

Edited by BBW, 02 October 2014 - 11:19 AM.