A bounce tonight?

[nizar]

Now even corrections have up-days.
Just that the highs will be lower than the previous highs.

Does any1 think that 2nite may be a bounce (up-day) in the US markets?
eg. using Gann, Elliot, other technical analyses.

Thoughts/charts would be much appreciated.

 

[happytrader]

Hi Nizar

Its hard to say. The market can lose confidence and hold a grudge for quite awhile. One would be looking for strong leadership or consensus in the form of overwhelming volume before entering long otherwise you are looking at half-hearted commitment which is a good exit strategy if you are long.

Cheers
Happytrader

 

[pacer]

Red or Black........you'll get the same answer at a casino.

 

[ducati916]

No chance, Wall St is going to be a blood bath tomorrow.
The Yen is still trading higher, and no weakness in sight at the moment.
The US has gone "Carry Trade" mad.

People who have never heard of it before last week are suddenly very aware of it's existence now.

jog on
d998

 

[professor_frink]

Now even corrections have up-days.
Just that the highs will be lower than the previous highs.

Does any1 think that 2nite may be a bounce (up-day) in the US markets?
eg. using Gann, Elliot, other technical analyses.

Thoughts/charts would be much appreciated.

Doesn't look likely at this stage. The only thing I have that's green at the moment is the Yen.
Nikkei -2%
HSI -2%
H-shares -3%
SPI just went below 5700 as I type.
And the DOW futs are dn 57, with a bloody long time to go before the U.S opens.
There will have to be a pretty spectacular rally this arvo leading up to the European open for the negativity to be gone before the U.S open.

 

[constable]

If the yen keeps going up there will be some investors "bouncing" off footpaths!

 

[ducati916]

If the yen keeps going up there will be some investors "bouncing" off footpaths!

Very good.

jog on
d998

 

[happytown]

as someone once lyricised,

it's the end of the world as we know it ...








... and I feel fine

cheers

 

[Kimosabi]

as someone once lyricised,

it's the end of the world as we know it ...








... and I feel fine

cheers

Run for the hills aaaarrrrrgggggghhhhh

 

[Bronte]

If the yen keeps going up there will be some investors "bouncing" off footpaths!

That is very good constable

 

[Magdoran]

No chance, Wall St is going to be a blood bath tomorrow.
The Yen is still trading higher, and no weakness in sight at the moment.
The US has gone "Carry Trade" mad.

People who have never heard of it before last week are suddenly very aware of it's existence now.

jog on
d998

Fully agree.

 

[tech/a]

Must say I am suprised that all of those who are proficient in GANN and ELLIOT who are here haven't given any commentary on how the analysis is panning out.

From what I understand there should be both time and price points now clearly definable within the analysis codes.

Anyone like to run us through the analysis and price and time points?

I understand that the analysis is dynamic and if X doesnt happen then it will mean Y is more likely.

No problem thats the nature of the beast.

Wave
Bronte (You teach it)
Moggie(So do you I believe).
Anyone.

Happy to have a go myself but I'm no expert---understanding yes expert---nah.

 

[Sean K]

Must say I am suprised that all of those who are proficient in GANN and ELLIOT who are here haven't given any commentary on how the analysis is panning out.

From what I understand there should be both time and price points now clearly definable within the analysis codes.

Anyone like to run us through the analysis and price and time points?

I understand that the analysis is dynamic and if X doesnt happen then it will mean Y is more likely.

No problem thats the nature of the beast.

Wave
Bronte (You teach it)
Moggie(So do you I believe).
Anyone.

Happy to have a go myself but I'm no expert---understanding yes expert---nah.

I've been trying to combine EW with fib and chart support lines, and I get a bounce at 5650 ish, up to 5800 ish, and then down to 5450 ish. A B C. Then back up. No time analysis. This is pretty basic stuff. I don't follow the star sign articles in the newspaper. But I'm no expert either. Anyone who says they are, are having a lend of themselves. But, they're probably more 'expert' than me of course.

 

[nizar]

I've been trying to combine EW with fib and chart support lines, and I get a bounce at 5650 ish, up to 5800 ish, and then down to 5450 ish. A B C. Then back up. No time analysis. This is pretty basic stuff. I don't follow the star sign articles in the newspaper. But I'm no expert either. Anyone who says they are, are having a lend of themselves. But, they're probably more 'expert' than me of course.

Thanks Kennas.
And every1 for your responses.

 

[Kauri]

She has already bounced once today, straight out of a bargain hunters channell...

 

[ducati916]

tech/a

I'll give you the *fundamental wave count*.

The tide is going out, soon we'll see who's being swimming naked!

jog on
d998

 

[clowboy]

No chance, Wall St is going to be a blood bath tomorrow.
The Yen is still trading higher, and no weakness in sight at the moment.
The US has gone "Carry Trade" mad.

People who have never heard of it before last week are suddenly very aware of it's existence now.

jog on
d998

Ducati,

Im sure you go over this time and time again, but can you give a very brief summary of "carry trade" or a link to a previous explanation?

Thanx

 

[Magdoran]

Must say I am suprised that all of those who are proficient in GANN and ELLIOT who are here haven't given any commentary on how the analysis is panning out.

From what I understand there should be both time and price points now clearly definable within the analysis codes.

Anyone like to run us through the analysis and price and time points?

I understand that the analysis is dynamic and if X doesnt happen then it will mean Y is more likely.

No problem thats the nature of the beast.

Wave
Bronte (You teach it)
Moggie(So do you I believe).
Anyone.

Happy to have a go myself but I'm no expert---understanding yes expert---nah.

Just don’t have time…

On support now… intraday


Mag

 

[Magdoran]

Trying to break down... this'll be fun!

 

[Magdoran]

Broke through...


Hmmm this is a panic move...


Mag