35854 replies to this topic

[bear catcher]

Red hanger sale to commence,profit taking will be stronger than resources my opinion only.Risk reward better on short.

[HDB]

It looks to me like the bulls pockets might get picked today, I'm holding my shorts

 

Don't think so...Watch resource shares holding market up or sideways!!

[Beorn]

It looks to me like the bulls pockets might get picked today, I'm holding my shorts

[AJS]

Up.

Then Vertebrae must have messed up something when counting the waves...

I am also just a mere mortal when it comes to EW...

[Zero Hedge]

Up.

Then Vertebrae must have messed up something when counting the waves...

[Plasma]

What was that massive down spike, with a low of 43 424 on IGM. A glitch??

[AJS]

I am a little slow when it comes to Elliot wave etc...can never get the correct place to start my count...so what will wave 5 of 5 of 5 bring? Up or down from here?

 

Up.

[Shortboy]

Finished at 44170 so monday we should see us sometime touching the 44450 I just dont know if we touch 43950 again or we go for it off the bat after opening? There was a big bounce on the SP500 on the dip buying so little bit weary for the next few days. It could easily translate to a new high on the SP500 and take us to 44800 Tuesday/Wednesday again before the next leg down to 42950 and thereafter we take out 45200 end of 30 May/2nd June. Just some thoughts..Comments and dissections welcome!

The usual GB. Be long and short.....took out a small long Friday afternoon.,,,its in the money, as are my 3 short positions I am holding onto. Liquidated 1 short I had at about break even. It was just too low.

[Zero Hedge]

It is the 5th wave that started Friday pm. To be correct...
 
The 5th wave of the 5th wave of the 5th wave has just begun
 
This is a special event. It is a gift from the market
 
and we have Mssrs Elliott and Fibonacci and their hard working followers to thank 
 
Unfortunately this awesome beacon has a restricted existence.
 
And I know all about it, because I put in the time and effort to find out for myself.
 
Everyone wants your money, and so you think you don't even have to try.
Get this  - I don't want anyone's money for what I think I know -
I just want genuine people to break free and to do it for themselves
And screw the myriad of con artists operating like like cockroaches in gangs
They want to entice you into their pockets - make you feel incompetent without them
They want to keep you in chains so that you will become dependent on them
They will steer you left and right but never to the place where you will become free
They will double down on posting when someone genuine appears on their turf, so as
to obscure them and regain the limelight
 
You want to chase numbers that are never explained
You want to trust in others because you dont have a clue
Then you are the meat. potatoes and gravy for an entire industry of crows and vultures
And until you put in the effort to break free, you never will
 
Good luck and remember the 18th

I am a little slow when it comes to Elliot wave etc...can never get the correct place to start my count...so what will wave 5 of 5 of 5 bring? Up or down from here?

[Vertebrae]

It is the 5th wave that started Friday pm. To be correct...

 

The 5th wave of the 5th wave of the 5th wave has just begun

 

This is a special event. It is a gift from the market

 

and we have Mssrs Elliott and Fibonacci and their hard working followers to thank 

 

Unfortunately this awesome beacon has a restricted existence.

 

And I know all about it, because I put in the time and effort to find out for myself.

 

Everyone wants your money, and so you think you don't even have to try.

Get this  - I don't want anyone's money for what I think I know -

I just want genuine people to break free and to do it for themselves

And screw the myriad of con artists operating like like cockroaches in gangs

They want to entice you into their pockets - make you feel incompetent without them

They want to keep you in chains so that you will become dependent on them

They will steer you left and right but never to the place where you will become free

They will double down on posting when someone genuine appears on their turf, so as

to obscure them and regain the limelight

 

You want to chase numbers that are never explained

You want to trust in others because you dont have a clue

Then you are the meat. potatoes and gravy for an entire industry of crows and vultures

And until you put in the effort to break free, you never will

 

Good luck and remember the 18th

 

 

 

[Zero Hedge]

The Staples vs. Discretionary ratio has been a leading indicator of "corrections/crashes" in the past.  But, as humans we will always think: "This time it is different".  I guess we'll find out in the near future.

Very interesting...charts confirm what I have been suspecting for the last week or so...there seems to be rotation back to defensives and high quality names.

[AJS]

The Staples vs. Discretionary ratio has been a leading indicator of "corrections/crashes" in the past.  But, as humans we will always think: "This time it is different".  I guess we'll find out in the near future.

[AJS]

ALSI pierced up through the daily bollinger band and the channel top. History repeats itself - go and have a look at how we started the "mini correction" back in Jan. Same style.

 

Tomorrow will be decision time for bulls. Save the ship or jump ship. If the green and blue lines go then bombs away!

Edited by AJS, 18 May 2014 - 11:10 AM.

[bear catcher]

I can see the valid case for a up move on monday but UN chief describing a very bad state of affairs in Ukraine. So will rather short rallies and hope for a good short entry at 44400.

[Bev]

Thanks.  So I don't have to  adjust the time frame of CCI or the 3 SMA's for CFD's?

Edited by Bev, 17 May 2014 - 05:41 PM.

[HDB]

Thought I'd spare you HDB.
Any time frame, longer time frames are less risky.

Thanks Jakes...

 

But remember the longer the timeframe, the fewer trades the system will show up ( with  lesser risk)

 

So for examples..

 

if you using 5  min chart on alsi, the system may give you 6 trade opportunities for the day... but only 4 may be really profitable, one may breakeven and one may be a loss...

 

If you use say a daily timeframe, system may show one trade in a week for the share you following....and it may be w winning trade...so one out of 1 winner!!

 

So therefore its on your risk appetite which time frame you use!!

[M e r l i n]

Lonmin Long - Who fancies to venture the entry price?

Support must be about 36.30 (low for last year), will it go there?

 

I am jumping in boots an ol it it goes there, this is a good stick under your mattress stock.

[Beorn]

HDB, if one applies your method on CFD's, what time frame would one use?

Thought I'd spare you HDB.
Any time frame, longer time frames are less risky.

[Bev]

HDB,  if one applies your method on CFD's, what time frame would one use? 

[delta66]

also out all positions..gut feeling says our market will push higher monday if supported by the internationals.  all we need is slight green across the pond and bulls will push index 150-200points

 

see you all monday, have a great weekend