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Hey wavepicker all currencies that I watch also have major cycle vibrations between 13 and 15 November. Will be interesting to watch!
So where do I stand with 5000$ australian dollars?
Imminent and severe market correction
- Thread starter Uncle Festivus
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So where do I stand with 5000$ australian dollars?
Mostly time cycles a la McLaren, while price axis I treat it in a simple and classical fashion. Every once in a while I throw on the chart angles or price vibrations but quickly revert back, simple works better for me
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Interesting dates Waves. Here are my seasonals for the last 25-years. November 7th (yesterday) the start of weakness through till the 19th...
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Interesting dates Waves. Here are my seasonals for the last 25-years. November 7th (yesterday) the start of weakness through till the 19th...
Seems like these are lining up quite well then ATM, will be interesting to see how much further weakness we might have going into the end of next week.
If we do get another leg up after mid November it might lead to a very significant in the first 3 months of next year, but for the moment trend is down will trade accordingly
Cheers
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Mostly time cycles a la McLaren, while price axis I treat it in a simple and classical fashion. Every once in a while I throw on the chart angles or price vibrations but quickly revert back, simple works better for me
I too am a disciple of Mclaren(but not his time cycles analysis just yet as looking at another methodology at present).
Just looking at the currencies/US Dollar. From what I see we are approaching a historic pivot in these. The only question is will it start this month or in the first couple of months of next year?? Also between those timeframes what will the magnitude be? I have only looked at time at present and have not considered any vibrations within price harmonics.
Cheers
I took a lot from McLaren, I especially liked The Foundations course, it changed my view of the markets quite a bit.
I've no idea about the magnitude of a move following a time vibration, at least not at this stage of knowledge. Been talking about this with Magdoran too but haven't heard from him from quite a while, hope he's ok.
Magnitude is my main area of study since a few months already and for now I am learning to apply EW because I see it as a potential tool to help me gauge the magnitude of the next move. I think is a great complement to time cycles.
With 3 hours to opening in America,a turnaround in the S & P 500 and DJIA
as well as the markets in Europe.Any reason as to why?
Rio up over 20% in london on news that BHP has made an offer.
According to Bloombergs,the offer has been rejected.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPuWfN5U4lT0&refer=home
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BHP has made an offer for RIO boys,
I think this will stave off a correction short term as the funds and speculators return to the resource sector
I think this will stave off a correction short term as the funds and speculators return to the resource sector
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A severe market correction continues in the financial sector in Europe with Banks continuing to fall by 3% to 6%. It is expected that this downward trend will spread to Asia and the Far East. Concern was expressed by George Soros as to the eventual decline of Chinese Banks with much debt shown on their books as of value, being worthless. Many companies in the financial sector will have to admit and book losses that will in many cases be severe- Australia is not excluded.
Sean K
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Which Australian institutions are directly exposed to the US Sub prime/CDO problems Noirua?
Whiskers
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Just looking at those dates of Wave and Nick, on the 15/11 we have the PPI in USA and then on the 16/11 we have the CPI figures being released.
With the oil price being high for the past few months it is reasonable to expect that cost to show up in the inflation figures (unless we see some more creative accounting)
If the market doesn't like the figures, that could be the trigger for the moves predicted in the charts.
With the oil price being high for the past few months it is reasonable to expect that cost to show up in the inflation figures (unless we see some more creative accounting)
If the market doesn't like the figures, that could be the trigger for the moves predicted in the charts.
Whiskers
It's a small world
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Yes, indeed.
I'm only just starting to study charting the indicies and am very impressed with their analysis. Many thanks to them for sharing it with us.
Bloomberg website has a lot of useful info.
http://www.bloomberg.com/markets/stocks/futures.html
Read the time on the right-hand-side of the page to make sure the figures shown are recent. Some figures don't update frequently.
phew! glad I didn't short RIO yesterday!
The BHP bid for RIO will make many think twice before selling mining stocks.
Kauri
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Just in case anyone has forgotten the sub-prime ... :axt:
Cheers
.........Kauri
Cheers
.........Kauri
Thanks Kauri, I needed that
: I can always rely on you to post sobering newsbites at this time of day.
Cheers
eMark
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I think the real correction to come will hit the S&P 500 , the chart looks like it has false highs and set up for failure , the last few months have given it a cleavage shape that I don't like at all , as each rally has come to an abrupt stop mimicking the last rise .
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