35854 replies to this topic

[sequoia]

You go Livingstone!

 

Question is if you are not following the waves how will you know when the ultimate bullmarket top comes around? (and it will soon)

 

A

 

I've found EW to be great at predicting the past, but not great on predicting the future 

 

I will give away some of the profits, last 8th is the most expensive to try time. The bears have tried to shake me off this bull many many times. This time is no different.

[sequoia]

Do not pick on the bulls, their paying for the groceries this month!

 

I will happily pay for the groceries this month, in the medium run the bears will be buying bulls the whole store 

Edited by sequoia, 01 August 2014 - 12:52 PM.

[Argento]

Yep am playing CFDs and yes I am long. I play the longer timeframes as you know.

 

Until we see a real correction (peak to trough of over 10%) I will be holding and adding longs. 

 

If 3 percent is enough to wipe out your portfolio, you are way overleveraged and will blow up eventually as even if you get 99 trades right out 100, the 100th trade will blow you up. 

 

Risk management is the real name of the game.

You go Livingstone!

 

Question is if you are not following the waves how will you know when the ultimate bullmarket top comes around? (and it will soon)

 

A

[Casenova]

Do not pick on the bulls, their paying for the groceries this month!

[bear catcher]

Ninja Buy when there is blood on the street But not this time

[bear catcher]

The most the easiest ever. Feeling sorry for the bulls one moment tails up and now disaster V guess waves dont show this and you definately must be in a lot of pain I told you so

[Ninja]

Don't despair, keep buying bloody greedy bulls

[RBM]

Zar will kill the alsi bulls later

[sequoia]

If your playing warrants or CFD's and long this gotta hurt or short and making guuuud mula!

 

More downside to come!

 

A

 

Yep am playing CFDs and yes I am long. I play the longer timeframes as you know.

 

Until we see a real correction (peak to trough of over 10%) I will be holding and adding longs. 

 

If 3 percent is enough to wipe out your portfolio, you are way overleveraged and will blow up eventually as even if you get 99 trades right out 100, the 100th trade will blow you up. 

 

Risk management is the real name of the game.

[Argento]

Only 3 percent from all time highs so far. Just seems like a lot of hype over nothing

If your playing warrants or CFD's and long this gotta hurt or short and making guuuud mula!

 

More downside to come!

 

A

[Argento]

Finding it difficult to sit tight, any advice? I sound as if i am at an AA meeting

Close your screen!

 

A

[Casenova]

The real test is gonna come at 46594. That is the bottom of the sideways channel according to my view. It is also the low for July. Do you guy's think we will breach that?

Attached Files

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Edited by Casenova, 01 August 2014 - 12:00 PM.

[RBM]

HDB, on 31 Jul 2014 - 9:26 PM, said:

RBM you getting too dramatic and emotional brother!! 

It would be quite interesting if we see a 1000 point drop...who knows?

HDB we not far from that 1000 point, looks like this gonna work out fine?

[Casenova]

Finding it difficult to sit tight, any advice? I sound as if i am at an AA meeting

[sequoia]

Only 3 percent from all time highs so far. Just seems like a lot of hype over nothing

[Argento]

The big question is how low are we going?

Given the 38.2 retracement of intermediate III is around 44200ish futures that is my minimum target, but will see around the 15th Aug where we are and if the final impulsive C leg down got going!

 

A

[Argento]

A, this is where I find sitting tight with shorts to be difficult. While we can all (try to) count the waves and project downside targets, we do not know where she will turn and go back up again.

 

Remember, there is (still) no better alternative for yield than equities. Bonds are waayyy expensive, cash is useless, and so on.

 

And there will be bounces aplenty around! How do you distinguish these from a true turn in the market???

 

A bit philosophical, and maybe rhetorical as well.... 

 

K

Totally agree with you and reason why she will go back up..starting Intermediate V then and to conclude Primary III, then should see a bigger correction in Q4, but the bull should march on into deeper next year for new highs!

 

3 Things I look at for that possible bottom:

 

- Signal (candle/positive divergence/bollingerband breach etc)

- Countertrend corrections makes an A, B and C leg down, with C being impulsive just like A so will spot the waves as they happen!

- Is there a cycle date? In this case is one around the 15th Aug

 

Intermediate waves are large in size so this is just the start....and as today being the 1st and over 1% down August should to look ugly!

 

A

[RBM]

The big question is how low are we going?

for as long as time allows it to last

[delta66]

US equity market..is key!

 

when they show signs of turn...climb aboard