35854 replies to this topic

[RBM]

range ... 45750 - 46150

[Wingnut]

The European indexes took a bad hit so far...if you look at their charts (courtesy of Caldaro) you can see they are showing positive divergence on the RSI's so should start to bounce and take us with them, so patience...the bull is coming!

 

A

 

Thanks for your input Agento!! Greatly Appreciated!

[Argento]

Hi F,

 

Totally agree with the intermediate wave IV that kicked off (in the US too) but like intermediate II these corrections need top formations to happen, we had a drop and then a higher high in January as well that created nasty negative divergence and then the downleg followed.

 

It is my take this is part of the distribution and needs one more upleg (tiny new high - earning season driven) to conclude, will then see the big wave down (3000+) to the 0.382 level 44352 as you mentioned in August.

 

Then back up for intermediate V into October (new highs) and for primary IV to start down, ask me about that target and my view is around 44 000, you will see wave 4's has the tendancy to make double bottoms (June 2013/Dec 2014 wave 4 lows) for the final wave 5 impulsive thrust!

 

Just don't see us coming down 10 000 points for primary IV to 39 000, we won't see 2009 again!

 

IMO that is...

 

A

The European indexes took a bad hit so far...if you look at their charts (courtesy of Caldaro) you can see they are showing positive divergence on the RSI's so should start to bounce and take us with them, so patience...the bull is coming!

 

A

Attached Files

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•  DAX.jpg   88.67KB   6 downloads
•  FTSE.jpg   96.1KB   5 downloads

[grantmu]

this thing is not going to move without the miners and they are all in the red today

[Argento]

have longs in place, all waiting for next week and the week after. if this thing goes i think it will start at 8:30 and not stop till 6, that is the day i am waiting for, will add more longs along the way. 

Lekker man!

 

A

[grantmu]

Roller coaster this morning. Total of 292 pips made ..but gave back 230..nett 62. Aargh....

have longs in place, all waiting for next week and the week after. if this thing goes i think it will start at 8:30 and not stop till 6, that is the day i am waiting for, will add more longs along the way. 

[Plasma]

Roller coaster this morning. Total of 292 pips made ..but gave back 230..nett 62. Aargh....

[Argento]

A

Caldaro confirms in his 60 min chart that the S&P is in a iv correction.

Last nights low was the (a) and in his opinion the bounce may have been the ( .

Now expect the © which could see S&P finish about 30 points down from yesterdays high.

V

looking into your charts.

(iii) high was 47276.

(i) started from 39620.

diff 7656.

23% targets 45516.

38.2% targets 44352.

Your opinion appreciated.

Hi F,

 

Totally agree with the intermediate wave IV that kicked off (in the US too) but like intermediate II these corrections need top formations to happen, we had a drop and then a higher high in January as well that created nasty negative divergence and then the downleg followed.

 

It is my take this is part of the distribution and needs one more upleg (tiny new high - earning season driven) to conclude, will then see the big wave down (3000+) to the 0.382 level 44352 as you mentioned in August.

 

Then back up for intermediate V into October (new highs) and for primary IV to start down, ask me about that target and my view is around 44 000, you will see wave 4's has the tendancy to make double bottoms (June 2013/Dec 2014 wave 4 lows) for the final wave 5 impulsive thrust!

 

Just don't see us coming down 10 000 points for primary IV to 39 000, we won't see 2009 again!

 

IMO that is...

 

A

[sequoia]

Sequoia that could be quite dangerous if we fall hard like yesterday, Did you consider buying calls and control your risk? 

Yeah it can, money management, I can handle a massive drop today and I like the probabilities. Got good premium for the risk

[BlythZ]

Selling puts here

Sequoia that could be quite dangerous if we fall hard like yesterday, Did you consider buying calls and control your risk? 

[Argento]

This is the weekly ALSI Chart, Please provide your opinion with regards to the last two candles on this chart.

Could be a weekly engulfing candle, but will have to see if she closes it fully today (don't think so) but seasonalls is bullish from next week and don't support it!   

 

A

[farouk]

A

Caldaro confirms in his 60 min chart that the S&P is in a iv correction.

Last nights low was the (a) and in his opinion the bounce may have been the (.

Now expect the © which could see S&P finish about 30 points down from yesterdays high.

V

looking into your charts.

(iii) high was 47276.

(i) started from 39620.

diff 7656.

23% targets 45516.

38.2% targets 44352.

Your opinion appreciated.

[grantmu]

Good results could also swing this thing up. massmart had good numbers yesterday, add one or 2 today and this could pull into the upswing

[sequoia]

Selling puts here

[grantmu]

Yip, if a week is seasonally bearish it runs till the friday, so I don't expect a race out of the pits today but next week we will see, me still thinks the low is in!

 

A

I agree . this is just the end of mind changing and bargain hunting

[Argento]

i'm not convinced bulls are here yet...caution on longs if intraday

Yip, if a week is seasonally bearish it runs till the friday, so I don't expect a race out of the pits today but next week we will see, me still thinks the low is in!

 

A

[grantmu]

Mining stocks that jumped so hard yesterday are all retracing. banks still under a bit of pressure 

[Casenova]

This is the weekly ALSI Chart, Please provide your opinion with regards to the last two candles on this chart.

Attached Files

•  South Africa 40 Cash (ZAR2 Micro Con (-).png   39.46KB   7 downloads

[BlythZ]

Thanks AJ

 

Yip, same principal as normal market when a bollingerband gets breached...so in this case VIX will move down now and markets back up (so a buy)!

 

Very important indicator to watch!

 

Bears had a quick party..now bulls are back!

 

A

Thanks Argento, 

 

Great calls with those Elliot Waves.  

[delta66]

i'm not convinced bulls are here yet...caution on longs if intraday