31 votes
"Veni, vidi, vici"
Posted 12 June 2014 - 04:26 PM
Platinum strike may end soon according to papers today. if this happens it could offset the bad new expected tomorrow, may drive the market up due to a better possible growth target for the year.
yes...it called "last minute" scramble 
...dunno if its enough to sway sentiment
“melior diabolus quem scies”
Advanced Member
Posted 12 June 2014 - 03:45 PM
AThis is an updated graph of the weekly macd on the SPX, you can see the divergence forming, same as in 2008 so July should see some form of top formation before the intermediate bear leg down starts....target on SPX is around 1736ish and a good 18-20% whack before the last primary wave 5 should commence to end this old bull in 2015! On TOP40F the level is 38000 to watch, think V also mentioned it while back! Great opportunities ahead to ride the waves and pocket bigtime....! Lots of traders including myself made the mistake assuming the top was here, better wait for that monthly bollingerband breach before jumping in again with big shorts...! Also see 46500ish as a possible top but will wait for confirmation! A
Sage
Posted 12 June 2014 - 03:36 PM
Platinum strike may end soon according to papers today. if this happens it could offset the bad new expected tomorrow, may drive the market up due to a better possible growth target for the year.
The Artist
Posted 12 June 2014 - 01:51 PM
This is an updated graph of the weekly macd on the SPX, you can see the divergence forming, same as in 2008 so July should see some form of top formation before the intermediate bear leg down starts....target on SPX is around 1736ish and a good 18-20% whack before the last primary wave 5 should commence to end this old bull in 2015!
On TOP40F the level is 38000 to watch, think V also mentioned it while back!
Great opportunities ahead to ride the waves and pocket bigtime....!
Lots of traders including myself made the mistake assuming the top was here, better wait for that monthly bollingerband breach before jumping in again with big shorts...!
Also see 46500ish as a possible top but will wait for confirmation!
A
SPX Weekly macd.jpg 18.07KB
8 downloads
"Never never never give up!"
Silfen Path Wanderer
Posted 12 June 2014 - 01:44 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
The Artist
Posted 12 June 2014 - 01:12 PM
Possible, but she breached the 60min middle bollingerband line so minimum should reach 45372, could make a retest of that line though at 45700 before the final move down, my money still on 45000ish friday/Monday!
Should create nice positive divergence for the final wave up for confirmation!
Last week the Investor Intelligence Bullish Consensus hit a 9 year high and the VIX a 7-year low, and with the Nadaq in its final wave 5 run it should create strong negative divergence with any new high telling us this bull cycle is on borrowed time!(UBS)
But not yet....
A
15 min bearish cross approaching and should create the next leg down....retested that 45700 level nicely!
A
TOP40 (15 bearish cross).jpg 165.57KB
10 downloads
"Never never never give up!"
Silfen Path Wanderer
Posted 12 June 2014 - 12:38 PM
maybe retest off S1..just to shake short pos then upward/onward
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
"Veni, vidi, vici"
Posted 12 June 2014 - 12:13 PM
sorry should read...."shake out weaker longs"
“melior diabolus quem scies”
"Veni, vidi, vici"
Posted 12 June 2014 - 12:11 PM
maybe retest off S1..just to shake short pos then upward/onward
“melior diabolus quem scies”
Silfen Path Wanderer
Posted 12 June 2014 - 12:08 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Silfen Path Wanderer
Posted 12 June 2014 - 12:07 PM
stopped 45621..some better than none
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Pachycephalosaurus
Posted 12 June 2014 - 12:07 PM
Already in 3rd motive of (v) which should make 1st motive look small.
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
"Veni, vidi, vici"
Posted 12 June 2014 - 12:04 PM
stopped 45621..some better than none
“melior diabolus quem scies”
"Veni, vidi, vici"
Posted 12 June 2014 - 12:01 PM
hahaha..yep, well put. i'm also finding some relief long at 45574
“melior diabolus quem scies”
Silfen Path Wanderer
Posted 12 June 2014 - 11:58 AM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
The Artist
Posted 12 June 2014 - 11:25 AM
The breakout at 45200 seems a likely target to the downside...
But with this bull the pullbacks have been shallower that usual before the relentless upwards march continues, so that might be the case here too.
K
Possible, but she breached the 60min middle bollingerband line so minimum should reach 45372, could make a retest of that line though at 45700 before the final move down, my money still on 45000ish friday/Monday!
Should create nice positive divergence for the final wave up for confirmation!
Last week the Investor Intelligence Bullish Consensus hit a 9 year high and the VIX a 7-year low, and with the Nadaq in its final wave 5 run it should create strong negative divergence with any new high telling us this bull cycle is on borrowed time!(UBS)
But not yet....
A
"Never never never give up!"
"Veni, vidi, vici"
Posted 12 June 2014 - 10:59 AM
ja..toughest conditions(for me) in long time..maybe due to my short time window on trades. they say you make money in chop conditions intra day..after a great run gave back some to market this week/several bad trades, still little bruised
thanks for charts guys
“melior diabolus quem scies”
Pachycephalosaurus
Posted 12 June 2014 - 10:58 AM
I still think we have more business to the downside...such a 5H reversal candle normally brings more red than we've seen, and around roll-overs the retracements can surprise!
Nasdaq hasn't really retraced yet and US overall is still quite overbought!
Just IMO...
But kudo's for calling these waves V!
A
Rem: Full moon bullish (but not sure about Friday 13th)
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
Master
Posted 12 June 2014 - 10:50 AM
Let's see...
A
The breakout at 45200 seems a likely target to the downside...
But with this bull the pullbacks have been shallower that usual before the relentless upwards march continues, so that might be the case here too.
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
The Artist
Posted 12 June 2014 - 10:41 AM
I still think we have more business to the downside...such a 5H reversal candle normally brings more red than we've seen, and around roll-overs the retracements can surprise!
Nasdaq hasn't really retraced yet and US overall is still quite overbought!
Just IMO...
But kudo's for calling these waves V!
A
Let's see...
A
TOP40 (Mini correction).jpg 175.77KB
8 downloads
Edited by Argento, 12 June 2014 - 10:42 AM.
"Never never never give up!"
