EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields - Details in video description.
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I do have a problem with the fact that while he talks up an accurate scenario in his count he always puts in an "if" or a "but" at the end of an explanation. So I take on board his overall view and bear it in mind coupled with asmuch research as possible.
Juno
Every EW expert has a different view on the wave count - and waves are better identified after they have occurred.
Is too subjective and coincidentally Ralph Elliot died a pauper and could not make money from his own theories. Some of the so called forex experts I used to follow used EWT - and had a win rate of 35% or so - which is too low for me.
If it works for you - keep using it.
Ashraf, being the humble that he is, didn't post this on all threads...so I'll volunteer.
And you guys thought Ashraf Laidi was goos at inter-market analysis!
http://www.youtube.com/watch?v=bS9B3i3vaMY
Asad
I've followed Bob Prechter for a while now. His timing seems to be off by a number of months if not years (although he did call the market bottom last March correctly) but to be fair in the current environment of a liquidity driven rally it is almost impossible to call the next market top as there is too much interference through loose monetary policy and money printing. Even so as mentioned below on a number of indicators the market is clearly very overbought - problem is it can continue to overshoot for some time killing all the shorts and taking the market higher and higher. His call on $ strength since Nov last year has been spot on though.
As far as deflation is concerened, I for one do hope we do get the deflation he is talking about but look at prices everywhere and they seem to be rising not falling. Again, this may be a short-term phenomenon before we do get deflation possibly caused by a collapse in China real-estate prices later this year.
The trouble is the more deflation we do seem to get the more govts will print so that ultimately holding cash will become a liability.
Ginger
I didn't see the interview yet, Robert Prechter called this rally last march within a couple weeks of the March bottom, very good call, i know he is of the view that we are very close to a top in equities and he also warned of a turn in the euro around 1.51.
If what he forecasts comes to the fore everything is going to the floor.
I find his articles very interesting and informative but i must say it is hard to beat Ashraf, he is more direct and to the point, plus he takes the time to help us all out by answering questions as frequently as possible which I am very grateful.
How ever as far as Robert Prechter is concerned and his team at elliott wave i hold in high regard too .
Does anyone else have a view?
Ashraf, do you see Robert Prechter's theory playing out?
Good luck with your trading
Juno1
i dont sell the market knowing the potential for more upside but as i try foecast daily i cant ignore this kind of move. the rally has been really extend and it needs a pause and the beginning of season will giveit to us.
10725 support for potential upside.
as for nikkei 225 wait till 11250
btw I am short the Russell and the Nikkei - and hope he is right, but won't count on it.