35854 replies to this topic

[Plasma]

Just when one thinks one is now emotionally immune to the market , she comes and gives you a snotklap, then lures you in and then dumps you like a piece of crab crap.

[Argento]

A " I told u so" 24hours ago

Yip, got my confirmation this morning!

 

A

[Argento]

This has broken the back of the Bulls ...game over...clever money selling into strength!!!

Good call HDB!!

 

A

[HDB]

A " I told u so" 24hours ago

[Argento]

Ok, here is my take!

 

We knew we were busy with the minor 5 of intermediate III of primary III, this weekend Caldaro posted two options that is also applicable on our Index:

 

A - Minor 5 forming a triangular top (distribution)

B - Minor 5 breaking up into 5 minute waves (consolidation)

 

With the break of the uptrend line in force since March option A is pretty much confirmed and we should now be heading down to the 38.2 retracement!

 

Looks like that cycle top I mentioned end of July did come to pass and should create fireworks for the next two weeks!

 

The average size of the intermediate waves fits in perfectly with a move to the 44200ish futures level, and this Gaza and Russian tension should be the catalyst!

 

Should create an A down, B up and a final impulsive leg C down!

 

A

DOW broken down out of a rising wedge - Bearish!

 

VIX created a bigger tactical divergence versus the new high in the SPX - Bearish!

 

A

Attached Files

•  DOW Wedge Break.jpg   85.62KB   4 downloads
•  VIX Daily.jpg   86.42KB   4 downloads

[Argento]

Argento wave 4 based on what? We should have been tanking hard or will this be a zig zag down trend? Every one short just what mm want then boom last move up

Ok, here is my take!

 

We knew we were busy with the minor 5 of intermediate III of primary III, this weekend Caldaro posted two options that is also applicable on our Index:

 

A - Minor 5 forming a triangular top (distribution)

B - Minor 5 breaking up into 5 minute waves (consolidation)

 

With the break of the uptrend line in force since March option A is pretty much confirmed and we should now be heading down to the 38.2 retracement!

 

Looks like that cycle top I mentioned end of July did come to pass and should create fireworks for the next two weeks!

 

The average size of the intermediate waves fits in perfectly with a move to the 44200ish futures level, and this Gaza and Russian tension should be the catalyst!

 

Should create an A down, B up and a final impulsive leg C down!

 

A

Attached Files

•  TOP40 (Elliot mapping).jpg   168.09KB   6 downloads

Edited by Argento, 31 July 2014 - 09:52 AM.

[sequoia]

be fearful when others are greedy and be greedy when others are fearful. Adding longs.

[Beorn]

If this support holds and shoots up, I am going to be in some pain. I have no stop loss in, (I dont want to be hunted).

 

Maybe we go back to +-46 600 to test the neckline of a broken H&S ?

I will re assess if we get there.

Attached Files

•  30 min support.png   224.52KB   4 downloads
•  30 min support continues.png   310.03KB   2 downloads

[bear catcher]

hold on tight bears, this could get ugly

The bulls with big balls could make big bucks imo

[sequoia]

hold on tight bears, this could get ugly 

[Plasma]

Whaaaa a 1056 pips down the _+{}~+\^_}<,+_\^<}~+_{^?, drain

[sequoia]

still holding, do I have less cash than 2 days ago? Yes. 

 

Do I have more cash than I had a week ago? Also yes.

[bear catcher]

Argento wave 4 based on what? We should have been tanking hard or will this be a zig zag down trend? Every one short just what mm want then boom last move up

[RBM]

Actually the first right short call I've seen from you this year RBM, keep it up!

A

i havent traded most of the year but anyways tnx

[Argento]

so much for experience, when/then it all starts going wrong

Actually the first right short call I've seen from you this year RBM, keep it up!

 

A

[RBM]

Intermediate IV has begun!

First 2 weeks of August should be very bloody!

38.2 retracement puts her around 44200ish futures!

Out of my longs for still a good profit and short with the kitchensink!

A

now thats great experience

[Argento]

Intermediate IV has begun!

 

First 2 weeks of August should be very bloody!

 

38.2 retracement puts her around 44200ish futures!

 

Out of my longs for still a good profit and short with the kitchensink!

 

A

[RBM]

This is going to get pain full for the bulls!

very very

[RBM]

Once USD/ZAR turns down, expect blood red conditions

remember!

[Beorn]

This is going to get pain full for the bulls!