31 votes
Member
Posted 15 August 2017 - 09:29 AM
Global markets shooting the lights out again. Nevermind that the US and Europe are technically in recession. Profits are stagnant. Chinese bubbles popping. Thanks to central banks the markets know zero risk.
True, central banks have become the new religion! Anything they say goes, void of any consequence or logic. No need for reality. Believe and thy shall be saved!!!
Advanced Member
Posted 14 August 2017 - 03:22 PM
Plebeian Tribune
Posted 11 August 2017 - 04:18 PM
IF then next target is 47850 @ 0.618 retrace
Wave 4 of wave 3 of wave 5 can retrace no further than top of wave 1 of wave 3 of wave 5 (46690) or it will be a recount.
Looking at higher order it is evident that wave 3 of wave 5 needs to go higher to give 4 of wave 5 some room to breath.
Plebeian Tribune
Posted 11 August 2017 - 01:40 PM
Very close to 48518. Any idea where wave 4 can extend to should it break through 48518?
IF then next target is 47850 @ 0.618 retrace
Member
Posted 11 August 2017 - 12:57 PM
T40 futrs below 48518 is correction. Wave 4 is current & brought here by tencent investgation panic. The clever communist manipulators may be obnoxious but they not stupid. Wave 5 next up.
Very close to 48518. Any idea where wave 4 can extend to should it break through 48518?
Edited by pointbreak, 11 August 2017 - 12:58 PM.
Newbie
Posted 11 August 2017 - 12:02 PM
T40 futrs below 48518 is correction. Wave 4 is current & brought here by tencent investgation panic. The clever communist manipulators may be obnoxious but they not stupid. Wave 5 next up.
Not so far away from this. US data will have the final say. Rand seems to be weakening in expectation.
Plebeian Tribune
Posted 11 August 2017 - 09:45 AM
T40 futrs below 48518 is correction. Wave 4 is current & brought here by tencent investgation panic. The clever communist manipulators may be obnoxious but they not stupid. Wave 5 next up.
Swix count refutes T40 futrs by staying with midwave 3 correction. Alternate count is irregular major wave 2 extension giving even more years of the sideways and no global growth improvement ahead. So it looks like wave 3 extension next up.
Plebeian Tribune
Posted 11 August 2017 - 09:24 AM
T40 futrs below 48518 is correction. Wave 4 is current & brought here by tencent investgation panic. The clever communist manipulators may be obnoxious but they not stupid. Wave 5 next up.
Member
Posted 11 August 2017 - 08:36 AM
Happy day, got in at 49728. Keeping this forever! Lol. Who would think the market correction would be North Korea.
Well done! seems we are in a correction, question is where to take profit?
Newbie
Posted 11 August 2017 - 06:57 AM
Tencent down everywhere, the bulls dont even look like they will put up a fight. Bears...........now or never!
Newbie
Posted 10 August 2017 - 06:36 PM
Plebeian Tribune
Posted 10 August 2017 - 04:25 PM
The Rand points the econo-politcal way and fear of boneheads with bombs drives gold towards a break out probability.
Skaapdom gonna get eaten by lie-ons.
Member
Posted 10 August 2017 - 03:09 PM
Within this 3rd of the 3rd of the 5th there will be extensions. 50k futrs saw the end of the extended 3rd take but this has probabilty to replicate before the 4th of the 3rd of the 5th appears.
Not so long before the long covering will kick in.... i suspect a lot of longs were put in when top 40 crossed 49000 initially..
Plebeian Tribune
Posted 10 August 2017 - 12:21 PM
Within this 3rd of the 3rd of the 5th there will be extensions. 50k futrs saw the end of the extended 3rd take but this has probabilty to replicate before the 4th of the 3rd of the 5th appears.
Plebeian Tribune
Posted 10 August 2017 - 12:15 PM
so does this actually imply that we could have a short term downside?
Within this 3rd of the 3rd of the 3rd there will be extensions. 50k futrs saw the end of the extended 3rd take but this has probabilty to replicate before the 4th appears.
Member
Posted 10 August 2017 - 10:27 AM
The big picture is also illustrated by our peers using the MSCI Emerging makets ETF chart...
It shows that whilst the rest prosper the emerging markets have been put into suspended animation.
Hey, no one said it was going to be fair play.
South Africa appears to have been better - until the value of the Rand is factored.
so does this actually imply that we could have a short term downside?
Plebeian Tribune
Posted 10 August 2017 - 10:08 AM
Thanks, could you possibly post a visual illustration of the above, i am trying to find the waves as you do. highly appreciated.
The big picture is also illustrated by our peers using the MSCI Emerging makets ETF chart...
It shows that whilst the rest prosper the emerging markets have been put into suspended animation.
Hey, no one said it was going to be fair play.
South Africa appears to have been better - until the value of the Rand is factored.
Member
Posted 10 August 2017 - 07:47 AM
The 2008/09 collapse was big wave 2 (corrective) of the bull cycle.
The earlyish 2015 to end 2016 was big wave 4 (corrective) of the same bull cycle.
As we witness the new ATH disappear into the rear view mirror it is big wave 5 in action - - -
To be sure it is wave 3 of wave 3 of big wave 5.
It is now just a tad above the top of wave 1 - so don't be expecting some new bear trend from here.
(For the obtuse astutery - There has never been any abnormal major B-wave making an ATH, so it is not in the frame) yet
Clearly this is a wave 3 in the breakout and it has copycat ratios for the #1/#2 and #(i)/#(ii) fractals.
All giving a salivators bottom line of peak bull mode, meaning...
It ain't Zuma gonna fall - its the Rand that is gonna kop it.
Honourable apologists for an ethical and equitable with something remotely fair and reasonable...
Kindly stick your back-riding of incompetence in your self-enrichment file and have another slice of dry chocolate cake.
Thanks, could you possibly post a visual illustration of the above, i am trying to find the waves as you do. highly appreciated.
Plebeian Tribune
Posted 10 August 2017 - 06:32 AM
Introspection is a big word.
And now it is time to ask about the market for all things non sequitur...
Do you give your trust easily? Are you buying without testing?
Do you go with the flow and then try to justify this populist behaviour?
Do you shirk responsibility because you can choose to pass the buck?
Plebeian Tribune
Posted 08 August 2017 - 05:56 PM
The 2008/09 collapse was big wave 2 (corrective) of the bull cycle.
The earlyish 2015 to end 2016 was big wave 4 (corrective) of the same bull cycle.
As we witness the new ATH disappear into the rear view mirror it is big wave 5 in action - - -
To be sure it is wave 3 of wave 3 of big wave 5.
It is now just a tad above the top of wave 1 - so don't be expecting some new bear trend from here.
(For the obtuse astutery - There has never been any abnormal major B-wave making an ATH, so it is not in the frame) yet
Clearly this is a wave 3 in the breakout and it has copycat ratios for the #1/#2 and #(i)/#(ii) fractals.
All giving a salivators bottom line of peak bull mode, meaning...
It ain't Zuma gonna fall - its the Rand that is gonna kop it.
Honourable apologists for an ethical and equitable with something remotely fair and reasonable...
Kindly stick your back-riding of incompetence in your self-enrichment file and have another slice of dry chocolate cake.
