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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 24, 2012 18:22
When will DAX it the Panic Button?

http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx

Ashraf
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jul 23, 2012 14:52
i dont worry about it, cus i cancel my order on friday.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jul 20, 2012 13:34
will long crude 9030 sl 8980, bless me guys!
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jul 20, 2012 10:35
No George, took 86.60.

If SPX 1422 April high to be exceeded then the move down to 1266 June low would be ABCDE but this not my favoured count because pattern down looked impulsive, not corrective. We shall see :-)
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jul 20, 2012 8:58
my target for crude is 9558 channel top, but lower it everyday.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jul 20, 2012 1:57
Brent made 50% ret today (108.16) from the 21st June low. I favour further upside to cluster zone at 110.50 to 111.08. Next resistance zone would be 112.70 to 114.70
DaveO
UK
Posted Anonymously
12 years ago
Jul 20, 2012 1:49
SPX 78.6% ret level at 1389 but pattern suggests more likely 100% symmetry level at 1406 which comes pretty near Ashraf level. (equivalent ES at 1397.50)

Overiding factor for EW credibility is the march high should not be exceeded. Move down from there was clear 5 wave sequence implying move back up is only corrective and indeed the overlappy happy pattern back up would strongly suggest corrective.

For CL I have upside cluster of resistance at 95.27 followed by 97.90 to 98.45 zone, usual short term rets along the way to be expected.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jul 19, 2012 19:30
understand, for crude back above 90 level, 1410 spx doable.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 19, 2012 15:56
When I last looked very closely at equities 5 weeks ago I was adamant that we would NOT see any bad summer breakdown in indices. The situation remains "fine" so far.

So now I'm taking another close look and the "preliminary" assessment suggests we will get a top (1410s SPX) in mid to late August, after which we get 2-3 down months.

July 2012 is looking like March 2010.

August 2012 may end up looking like the top of April 2010.

Will get back with more details.


Comments always welcome

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jul 18, 2012 20:39
I have 6751 next resistance for DAX
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