Posts by "anonymous"

dave from the top at 87.11 on hour basis, we will have 61%eprcent retracement even a symmetrical position at 100%. ashraf position of few weeks comes in late but will happen after the termination of major wB for Wave C.
SPX made its major support at 1397 on a hour basis the 25th so NPF will it move quite importantly.
on a daily basis from the top at 1465 the 14th we drawn a ABC formation till the 1397 mark.
by next one scenarii is a daily close between 1404 and 1410 and then we can recalculate the major support.
i keep my view on a bullish scenario for 1545 by year end.

amateur observation. crude on a monthly chart looks like upside since financial crises was nothing more than a prolonged correction before it carries on down. I was an oil bug but the chart speaks for itself. Now I am definitely not a gold bug so I look at gold from a relatively neutral perspective and a little thought at the back of my head keeps saying if gold can't go up in the build up never mind after a dovish fomc whats it going to do on a bad day. Silver has stolen all the gold bugs which is hardly surprising as silver only has to move thirty odd cents for 1% compared to 17 dollars.
The reason for this is it looks to me that in trying to prevent a bad recession for a couple of years Ben Bernanke has got his come uppance at last and his QE (TITANIC) strategy is about to kill the market. BUYING UP BONDS REDUCES LIQUIDITY and benny boy has been buying one too many.
THAT IN MIND BEFORE YOU SELL ANYTHING SOME FEEDBACK ON MY TRADING STRATEGY WOULD BE APPRECIATED.
BUY GOLD - SELL STOCKS (WAS THE OPPOSITE TILL A COUPLE OF WEEKS AGO)
AND FOR ALL YOU GOLDBUGS
BUY SILVER - SELL GOLD TILL GOLD 1800 (IF IT EVER HAPPENS AGAIN) THEN FLIP THEM ROUND

gotcha, If that is true I have 69.96 for ABC symmetry so we agree the math. The 4:C went higher than I would like for this count but it did not breach the territory of W.1 so RNE rule in tact. With this darned 2:5:C being a complex structure we should find that when we arrive at the 4:5:C it will be a simple ABC structure to comply with the rule of alternation. I suspect the impending 3:5:C will at least test the 79 pivot low level or maybe 75 level. Above 101 would invalidate this count (current 90.44). The 127.2% ext would be at 58.83 but this is difficult to visualise bearing in mind the economics of viable production.

Dave....have you had a lil of da grape?

about euro...maybe dat 3175 will be a level to watch....I see it this way 1 hr short (21), 4 hr short (8), daily with da double top....tp 1.3000, 1 hr tunnel.....been short a while, now with 20% overall short use/chf against it...in case any blah has substance.......just a trading plan...syphoning what's given..
euro/usd current 3071

Total mess in politics here..blantant lies, NO PRIDE....division.....neither side can do it come 2013.
but R. has best chance with a Rep congress...but even then...serious headwinds..steering us so off wind point that we may not make any advance at all..

Mi only respite...good pipe and mi sword..
Regards..

yes George, the oil, copper and transports are a better indication of the macro economic health of the global economy. Even so they are subject to spin off from the manipulations of stock markets, which in real terms should be valued less than half their current levels. Stock market values bear no resemblance to the underlying macroeco malaise, therefor we are all playing a silly game of make believe. Same thinkin here for the pound and the euro which are flirting with cloud cookoo land. So I guess it doesn't really pay to do too much thinkin about "value". Trading price action has to be king imo, unless one has a special short term speciality a la cat. Investing is a mugs game, we now live in a world of HFT and robots in which the average duration of an NYSE stock investment is 25 seconds. What would Ralph Nelson Elliott say about all this were he still alive. I feel him turning in his grave.