International Index Trading

[Edwood]

ha ha ha - I've got a red face now!

yeah, prob got a bit excited there seems to have found support for now...

 

[Edwood]

Cyclewave (Charts) 14/5/07 -

Only one note of interest today, the high of the first 15 minutes trading hit the weekly down cycle projected high at 1510 which is also the lower line of the channel. From there it dropped over 10 points continuing the sideways trading pattern. In the morning the CPI is released at 08:30 and that can cause an anomaly before the market opens. Tuesday we have price projections support at 1495 to 1487 if no anamoly.

Daily test values at 1507 and 1499 will be the first key indication levels to monitor. This Wed late in the day to early Thur I expect the trend to turn up. The key is turn up from what level? If its above 1485 odds are we will get a slightly higher high, in the low 1470s odds are we will not get a higher high at the 5-22 high.

CAUTION; the wave up from the June 2006 low is an EXTENDED wave. Wave that are extended do not behave like a normal wave, they simply tank huge with no warning taking no prisoners and leaving longs with a loss. It would not be unusual to see the SnP drop over 100 points in one day after an extension like this one.

 

[CanOz]

Cyclewave (Charts) 14/5/07 -

Only one note of interest today, the high of the first 15 minutes trading hit the weekly down cycle projected high at 1510 which is also the lower line of the channel. From there it dropped over 10 points continuing the sideways trading pattern. In the morning the CPI is released at 08:30 and that can cause an anomaly before the market opens. Tuesday we have price projections support at 1495 to 1487 if no anamoly.

Daily test values at 1507 and 1499 will be the first key indication levels to monitor. This Wed late in the day to early Thur I expect the trend to turn up. The key is turn up from what level? If its above 1485 odds are we will get a slightly higher high, in the low 1470s odds are we will not get a higher high at the 5-22 high.

CAUTION; the wave up from the June 2006 low is an EXTENDED wave. Wave that are extended do not behave like a normal wave, they simply tank huge with no warning taking no prisoners and leaving longs with a loss. It would not be unusual to see the SnP drop over 100 points in one day after an extension like this one.

Ahhh, it is the S&P your talking about, just caught it in the last line there. Agree with today's S1 and S2....now just waiting..more so to see the effect on my ASX 200 short.

Cheers,

 

[>Apocalypto<]

(DOW JONES AVERAGE) IG WALL ST

Price has a hit resistance at 12400, in a mayor unstable price line way off its 45 degree line. I am jumping on the red express band wagon. I am seeing a correction coming with a pull back to its 45 degree line. A healthy 38% or more retracement of the current trend from 12000.

As you can see in its last drive it pulled back to its line of price and time harmony. no longs for me right now. I am on the side lines.

* it all lines up on my chart but when it saves it jumps no idea why.*

 

[bean]

(DOW JONES AVERAGE) IG WALL ST

Price has a hit resistance at 12400, in a mayor unstable price line way off its 45 degree line. I am jumping on the red express band wagon. I am seeing a correction coming with a pull back to its 45 degree line. A healthy 38% or more retracement of the current trend from 12000.

As you can see in its last drive it pulled back to its line of price and time harmony. no longs for me right now. I am on the side lines.

* it all lines up on my chart but when it saves it jumps no idea why.*

Try back to about 10800 and see if that holds

 

[nizar]

Try back to about 10800 and see if that holds

Bean.
It doesnt pay to be a bear in a massive bullmarket

 

[bean]

Bean.
It doesnt pay to be a bear in a massive bullmarket

All bull markets come to an end

 

[>Apocalypto<]

Try back to about 10800 and see if that holds

bean if it breaks that line then yes it could drop to 10800 i agree.

but i will be watching to see where it finds support after it breaks. A drop back to the 1x1 line is more then a few hundred points down.

but we wont know till it breaks. I hope it hits holds on the 1x1 line then it would really reinforce bullish strength

 

[Edwood]

(DOW JONES AVERAGE) IG WALL ST
As you can see in its last drive it pulled back to its line of price and time harmony. no longs for me right now. I am on the side lines.

* it all lines up on my chart but when it saves it jumps no idea why.*

stop-run spike out of hours - & of course they're buying it up again!

 

[nizar]

Favourable CPI data.
Another win for the bulls 2nite

 

[>Apocalypto<]

All bull markets come to an end

Bean all good to make these comments & I respect them but do you have any hard evidence to back up these claims or is it just about a crash in china destroying every bourse around the world?

I am with Nizar till it breaks all trends then it's a bull market and I am looking long till it say's other wise!

Please read my signature

 

[>Apocalypto<]

Favourable CPI data.
Another win for the bulls 2nite

it sure has turned around up 20 point now from 27 down.

but sorry guys i am still with a correction even if it dose close and hold over 12400 i bet i will be saying this for the next month while it goes up and up!

I believe in Gann and prices love to pull back to the 1x1

 

[Uncle Festivus]

Favourable CPI data.
Another win for the bulls 2nite

Well yes, because the economy is tanking don't you think.

When a consumer driven company like Home Depot posts a 30% drop for the qtr things are not going too well in consumer land; sooner rather than later this will make an impact. Just remains to be seen how long they remain in denial.

Interest rate cuts aint gonna save em this time.

And the other minor matter just won't go away....

SAN DIEGO -- An auction of nearly 100 foreclosed homes here Saturday showed that mortgage lenders are having to accept huge discounts in some cases to unload such properties.
A surge of foreclosures over the past year or so has left lenders struggling to sell a growing backlog of homes. Rather than relying on real-estate agents, the usual practice, some are turning to large-scale auctions to speed up the sale process.

 

[CanOz]

This is what happened after i got stopped out of my GOLD long! CPI data....hope it tanks.

Cheers,

 

[Uncle Festivus]

This is what happened after i got stopped out of my GOLD long! CPI data....hope it tanks.

Cheers,

Walkin beside you there brother. Up is down - black is white!

Have a look at the Fibonacci ranges - bouncing of 50%.

 

[reece55]

Cruel CanAussie, cruel....

Still, no one ever lost their capital by taking a stop loss mate, so if it was in accordance with your plan, then you have done well..

Cheers

 

[nizar]

SAN DIEGO -- An auction of nearly 100 foreclosed homes here Saturday showed that mortgage lenders are having to accept huge discounts in some cases to unload such properties.
A surge of foreclosures over the past year or so has left lenders struggling to sell a growing backlog of homes. Rather than relying on real-estate agents, the usual practice, some are turning to large-scale auctions to speed up the sale process.

100 houses??
Is this statistically significant??
I think not.

 

[Uncle Festivus]

100 houses??
Is this statistically significant??
I think not.

Per day? Let's say for 1 week end = 5000 per year as foreclosures; as well as all the normal sales, for 1 city.
Multiply by same proportion throughout the US maybe.

So you don't see the housing bust as statistically significant?

 

[nizar]

So you don't see the housing bust as statistically significant?

LOL yeh of course i do.
Just keeping you on your toes

 

[CanOz]

Cruel CanAussie, cruel....

Still, no one ever lost their capital by taking a stop loss mate, so if it was in accordance with your plan, then you have done well..

Cheers

hmmmm...mental note to use EOD stops on GOLD.

Cheers,