31 votes
Advanced Member
Posted 26 September 2014 - 01:25 PM
for futures...
Retrace (ball park) = 38.2% of Primary 3rd (24970 to 47083)
or to end of Major 4th (39620)
Plus shortfall from target in case of 5th fail (3140)
(target = end of intermediate 4th (45378) + intermediate 1st =(4845)) = 50223
So retrace = 8450 or 7460 + 3140
= avg of 11095 from top of 5th (47083) = 36000 (fwiw)
that's 38.2%ish of 2008 low..good target
Edited by Ettas, 26 September 2014 - 01:28 PM.
Pachycephalosaurus
Posted 26 September 2014 - 12:28 PM
that is some drop, to B and V what would your justification for that be.
G
for futures...
Retrace (ball park) = 38.2% of Primary 3rd (24970 to 47083)
or to end of Major 4th (39620)
Plus shortfall from target in case of 5th fail (3140)
(target = end of intermediate 4th (45378) + intermediate 1st =(4845)) = 50223
So retrace = 8450 or 7460 + 3140
= avg of 11095 from top of 5th (47083) = 36000 (fwiw)
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
Silfen Path Wanderer
Posted 26 September 2014 - 12:23 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
Little Master
Posted 26 September 2014 - 12:20 PM
that is some drop, to B and V what would your justification for that be.
G
That means bigger then '11, hell and that was a killer!
But if so, that will be a extra long oppertuniy of a lifetime.
26 Sept 14 Pullback .png 45.86KB
14 downloads
"Don't try to buy at the bottom and sell at the top. It can't be done, except by liars." - Bernard Baruch
Member
Posted 26 September 2014 - 11:49 AM
Interesting to see that SAB closed the gap
Sage
Posted 26 September 2014 - 11:36 AM
I didn't want to say it loud, but I was thinking the same ball park.
that is some drop, to B and V what would your justification for that be.
G
The Oracle
Posted 26 September 2014 - 10:57 AM
Target for this correction = 36000 (futures) in 2 - 3 months fwiw
I didn't want to say it loud, but I was thinking the same ball park.
Alsi future
I only post my views, not advice
Pachycephalosaurus
Posted 26 September 2014 - 10:52 AM
Target for this correction = 36000 (futures) in 2 - 3 months fwiw
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
The Oracle
Posted 26 September 2014 - 10:00 AM
Shorting every rally still seems to be name of the game.
I'm short @ 44600
Edited by Beorn, 26 September 2014 - 10:01 AM.
Alsi future
I only post my views, not advice
Pachycephalosaurus
Posted 26 September 2014 - 09:05 AM
5th wave failure ouch
Can Elliott redeem itself?
Gonna be a stretch
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
The Oracle
Posted 26 September 2014 - 09:03 AM
This might have been a bit premature.
It looks like we could go down further tomorrow.
Stopped out.
This looks like the end of the world?
Alsi future
I only post my views, not advice
Sage
Posted 26 September 2014 - 08:53 AM
Gents,
I think it is worth mentioning this weekly chart again. It is one possible scenario that could play out in coming weeks. IMO, today might be a bit sideways because we have made a pretty large weekly move already, but this is just a hunch, my automatic trading system is still trading it, and has had a lot better results than my own manual trades. In fact, i am losing confidence in my manual trades and gaining confidence in my auto trades. It sucks but its true. Auto trades to me feel slow and cumbersome but they show consistent gains. It generally sucks because it feels out of my control, it feels as if the system will not see the signs that i see, so even auto trades has me fighting psychological battles... But it proves to be more spot on than me.
Auto trading does one thing for you it makes points, if I am on my game I can usually do a little better than the auto trade, but long term the auto trade does it the same every day and makes points every day. just a matter of trusting what you have created as rules. It is the future of trading.
G
The Wizard
Posted 26 September 2014 - 08:12 AM
Member
Posted 26 September 2014 - 08:09 AM
Gents,
I think it is worth mentioning this weekly chart again. It is one possible scenario that could play out in coming weeks. IMO, today might be a bit sideways because we have made a pretty large weekly move already, but this is just a hunch, my automatic trading system is still trading it, and has had a lot better results than my own manual trades. In fact, i am losing confidence in my manual trades and gaining confidence in my auto trades. It sucks but its true. Auto trades to me feel slow and cumbersome but they show consistent gains. It generally sucks because it feels out of my control, it feels as if the system will not see the signs that i see, so even auto trades has me fighting psychological battles... But it proves to be more spot on than me.
South Africa 40 Cash (ZAR2 Micro Con (-).png 42.28KB
13 downloads
Pachycephalosaurus
Posted 25 September 2014 - 10:35 PM
Bear Catcher wave as you called it.Ok on a more serious note is EW correct working not influenced by QE and now being disrupted with QE ending and waves get artificially bounced out of sync?
Was contemplating becoming a moonster, but that just inverted.
Sentiment flip. Re-hypothecate shifts to de-hypothecate.
Shake out or shake down? Ask the treasurer.
Aggregate opinions that got it right so far, now I must meditate.
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
The Oracle
Posted 25 September 2014 - 10:27 PM
I'm out of shorts @ 44800
Will go short again if we go higher before hitting 44700ish.
If not, I will go long @ 44700ish.
For a relief rally.
Added first long @ 44740
The problem with this long is, I dont really have a target, I'm thinking 46200 ish.
But that seems very high looking at the weakness in the market.
Alsi future
I only post my views, not advice
The Oracle
Posted 25 September 2014 - 09:47 PM
I'm out of shorts @ 44800
Will go short again if we go higher before hitting 44700ish.
If not, I will go long @ 44700ish.
For a relief rally.
Added first long @ 44740
Alsi future
I only post my views, not advice
Silfen Path Wanderer
Posted 25 September 2014 - 08:23 PM
Failed count. Bears win. Stop hit. Short same.
Confidence damaged. Account smiling for wrong reason.
Not happy camper. Tomorrow another day.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 25 September 2014 - 08:06 PM
Bear Catcher wave as you called it.Ok on a more serious note is EW correct working not influenced by QE and now being disrupted with QE ending and waves get artificially bounced out of sync?Failed count. Bears win. Stop hit. Short same.
Confidence damaged. Account smiling for wrong reason.
Not happy camper. Tomorrow another day.
IG CASH
The Wizard
Posted 25 September 2014 - 07:03 PM
