Got a nice gravestone doji reversal candle on the monthly too!
She just might go lower than we all think....I'm enjoying this and sitting tight!
But will see new highs again into October after this whack!
A
The big question is how low are we going?
31 votes
ALSI Trades
Started by
Plasma
, Apr 03 2013 09:05 PM
35854 replies to this topic
#16581
farouk
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The Oracle
Posted 01 August 2014 - 11:23 AM
#16583
K~~
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Master
Posted 01 August 2014 - 11:18 AM
Got a nice gravestone doji reversal candle on the monthly too!
She just might go lower than we all think....I'm enjoying this and sitting tight!
But will see new highs again into October after this whack!
A
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
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
#16584
RBM
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Master
Posted 01 August 2014 - 11:17 AM
Stochastics may stay oversold for the entire day...
trend is your friend for now.
#16585
RBM
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Master
Posted 01 August 2014 - 11:16 AM
Stochastics may stay oversold for the entire day...
#16586
RBM
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Master
Posted 01 August 2014 - 11:15 AM
US data going to destroy us this afternoon, so it would be wise to get in on a short whilst its not too late ! 
#16587
BBW
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Posted 01 August 2014 - 11:14 AM
Keep in mind, there's 100 points plus dividend on the SA40Cash (IG) this afternoon!
Edited by BBW, 01 August 2014 - 11:15 AM.
Exi, impie, exi, scelerae, exi cum omnia fallacia tua
#16588
Argento
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- Senior Member
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The Artist
- LocationJohannesburg
Posted 01 August 2014 - 10:56 AM
I know the monthly chart is not something to go on, but have a look at it. Looks like the market fell of the bull.
Got a nice gravestone doji reversal candle on the monthly too!
She just might go lower than we all think....I'm enjoying this and sitting tight!
But will see new highs again into October after this whack!
A
"Never never never give up!"
#16589
warnerbroers
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Posted 01 August 2014 - 10:55 AM
Yip!
A
great
#16590
Argento
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- Senior Member
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The Artist
- LocationJohannesburg
Posted 01 August 2014 - 10:49 AM
would you say wave A of int IV started on 30th...?
Yip!
A
"Never never never give up!"
#16591
Casenova
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Posted 01 August 2014 - 10:42 AM
I know the monthly chart is not something to go on, but have a look at it. Looks like the market fell of the bull.
Attached Files
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South Africa 40 Cash (ZAR2 Micro Con (-).png 15.26KB
3 downloads
#16592
RBM
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Master
Posted 01 August 2014 - 10:42 AM
watch zar to take us further down and really punishthe bulls
#16593
warnerbroers
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Posted 01 August 2014 - 10:35 AM
Cool!
But Minor 5 of Intermediate III of Major 5 of Primary III already topped and Intermediate IV kicked off as per attached!
A
would you say wave A of int IV started on 30th...?
#16594
warnerbroers
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Posted 01 August 2014 - 10:28 AM
thanks! if 45850 breaks convincingly...short it is....
closed long
#16595
RBM
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Master
Posted 01 August 2014 - 10:27 AM
almost water fall time...
here we go enjoy the ride
#16596
warnerbroers
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Posted 01 August 2014 - 10:16 AM
Note, with all the troubles in the world, good chance EW will default too!
noted 
#16597
warnerbroers
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Posted 01 August 2014 - 10:16 AM
Cool!
But Minor 5 of Intermediate III of Major 5 of Primary III already topped and Intermediate IV kicked off as per attached!
A
thanks! if 45850 breaks convincingly...short it is....
#16599
Casenova
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Posted 01 August 2014 - 10:08 AM
You know those documentaries about how, a long time ago, the dinosaurs were wiped out by a massive comet that struck the earth... They will tell you that everything was either dead or dying by the time the rock struck. They will also go on to conclude that, according to historical data, the earth is due for another comet strike that would most certainly wipe out every living organism on earth, and that it is not a question of "if" but rather of "when". It never matters how much they emphasize it, it feels unlikely to ever happen.
This bloody "market correction" feels like that comet that is "supposedly" on it's way as i am typing this. It feels as if it is never gonna happen.
So i would just like to take this opportunity to say Welcome Comet, i hope you had a pleasant trip.
C
#16600
Argento
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Posted 01 August 2014 - 10:04 AM
...i would normally be short...was for most of yesterday and bagged some nice cash...however....if i'm gonna give EW a proper go.... my charts still point to minor wave 5 coming...just gonna test with micro contracts.....BUT i'd appreciate your input/advice to show me where i'm going wrong. Thanks.
Cool!
But Minor 5 of Intermediate III of Major 5 of Primary III already topped and Intermediate IV kicked off as per attached!
A
Attached Files
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TOP40 (Elliot mapping).jpg 168.09KB
3 downloads
Edited by Argento, 01 August 2014 - 10:07 AM.
"Never never never give up!"
