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Posts by "boli mekura"
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229 Posts by Anonymous "boli mekura":
-2 sigma daily sigma channel is 2 standard deviations (sigmas) below the 20 day moving average. It is the same as the lower band of a default bollinger bands.
Here I agree with you regarding oil/WTI. I also expect huge sell-off after dust settles.
@Tony
I still expect ES to top at 1430 in late April/early May. So far the -2 daily sigma channel is again containing the correction in ES as was the case each time since the Aug'10 start of the current rally phase. Until proven otherwise, trend is up. My cycle research says: top is expected end of April/beginning of May. Fib extension targets 1430 level.
As far as I can see the Fed is increasing M2 money supply at a rate not seen before and you say it is impossible for EUR to go to 1.65.
Of course at that point I do not expect 1.65.
But I have a rule: never say never.
And since we are talking about long term targets. I really think that even above 1.65 is possible long-term.
Time will show.
Good luck to you.
I rely solely on the market to show me where it wants to go.
And currently it shows me it wants to go upwards still. And I will play that momo until the market tells me it wants to go down. It is as simple as that. This is why it is not a good idea to assume the top will be at that level or that level. You can have guesses for possible tops based on your approach but the final word is that of the market.
So mark my words: I say EUR is going to 3910 and then 4160.
You say EUR is going to 3200.
We shall see who is right very soon.
It is useless to argue further. Time will show who's right and who's wrong.
And not on 200 or 2000 pips moves. Remember?
As subway wisely pointed out below, not a good idea to assume 1.4200 is the top for this move.
Regarding cycles. I also use cycle but my research based on the work of Martin Armstrong.
So according to this cycles, I think this is not the ultimate top for SPX. We may be seeing some sort of a correction here towards ES 1260ish if ES breaks 1292 but my cycle research the ultimate for this up cycle will come end of April / beginning of May (most probably on May 2nd).
Combining this with my other studies I think the level for the top will be 1430ish.
GL
Let me remind you also that Catnip was short back down at 1.20 last year expecting parity, yet the EUR jumped all the way to 1.40.
More recently he was expecting 1.27, yet EUR jumped all the way to 1.3750.
So Cat's track record is not good.
Besides you can't compare me to Ashraf cause my strategy and approach are different.
So mark my words: I say EUR is going to 3910 and then 4160.
You say EUR is going to 3200.
We shall see who is right very soon.
It is useless to argue further. Time will show who's right and who's wrong.
gl