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发表于 2009-4-6 08:31
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38.2% temporary bottom met
At 1.3420.
That´s huge reaction for that fib ! But enough for me, I closed it immediately at 1.3638
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Merkinnät: 38.2% temporary bottom met
Eur_Usd + Eur_Jpy

[size=100%]Mr. Prechter in EW International made a brilliant job when he called all real investors to close all their short position with all equities in the very end of february at SPX 750 because counter risk were far too high. There´s huge waves under control now, even primary or cycle one´s if he´s right. Well, congratulations, that was indeed a a real short postition of 750 points (1500-750 = 750 points profit !!!).
[size=100%]SPX 60 minutes macd seems to be falling after first impulse, likely some more consolidate ahead of us. It´s damn too difficult for me to breake it now, large upside movement could partial of 4C, which would mean that plunge we started in january wasn´ t fifth wave position at all, it was only fifth wave position for last autumn freefall wave3 position. If this is the case we do work with huge size of 4:th upwave. We´ll see if we live, but I have´t saw major collection of bullish diagonals in individual equities - to consider if the bottom was placed at 668 we should have a thousands of them available easily or under progress now.
[size=100%]I really hope Prechter is wrong, because if he´s not we just started cycle or primary (or both) 2 upwave, which would practically kills us someday when it ends.
[size=100%]As stockmarket seems to consolidate a bit huge rally, I´ve been trading eur-usd again. It´s relatively much more easy as SPX. As you can see it took fully impulse to major 50% line (1.4700-1.2500) and under correction mode also.
[size=100%]There´s actually a real lot to trade in there if you go to one minute chart; ie. bought today 1.3500 in european market hours as it left big southern doji with one tiny a-b-c movement at 1.3475. Once it rallied 60-80 pips it build later bear diagonal again and in US market hours it took it down with new subminuette impulse or at least first part of it.
[size=100%]38.2% level is going to give reversal also, likely. This is not so agressive setup, just a main direction for me. EurJpy in one minute chart also at perfect shorting zone now at 132.55 level seems to confirm again that 1.3500 is resistance now after it was support earlier today (to short down again after 70 pips rally from the very latest bottom) and I do believe that my oil chart below is going to follow some day.
[size=100%]Once and if these main fib retracements are met as correction in here, then you should take a really good look for stockmarket also, because then we had arrived to the real crossroads where market direction might be confirmed for much longer run.
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Merkinnät: Eur_Usd + Eur_Jpy
Whops
[size=100%]That didn´t work out all.
[size=100%]I am very say guy now, not because of this small stoploss occured - but unfortunately we must made this bear market to stay with us at least one year longer in my count in pinpoints to the real ABYSS.
[size=100%]However, EW cycle bull has propably started allready, so, expect more to more - more closer of SPX900 or even 1000. My oil shorts is still on there - need to believe the pattern...
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Merkinnät: Whops
SPX 803, 23.3 - 2009
[size=100%]On the tape again (something similiar for previous 800).
[size=100%]Considering W1 would be similiar size as W2 I shorted it again. On rare cases W2 can come 110% from W1 (or then it´s B wave). There´s very clear impulse again in the chart. Should know these banks stocks are going to fly with Obama toxic assetts plan.
[size=100%]With that oil chart below, it looks alike overnight it plunged small A wave down, then tiny B wave up again. The completely diagonal is likely A wave, where B would correct it - not an impulse as I marked it in the bigger picture.
[size=100%]If these levels breakes in here to the upside, something very alternative by EW point of view is valid.
[size=100%]With Oil short my stops are placed at 56$ and with SPX in 813. I wasn´t actually planning to short SPX anymore - but coudn´t resist....
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Merkinnät: SPX 798
Oil - Not so fast Vladmir

[size=100%]Looks double diagonal for me with fifth wave own diagonal inside on there.
[size=100%]34 $ was bottom. 55 $ could behave roof for here > if 38.2% or 50 % correction would occur perhaps we could go next to 89
[size=100%]3-5-8-13-21-[size=130%]34-55-89-144[size=100%] (=recent top) - oil seems to trade with fib numbers.
[size=100%]UN opinion about currency basket might have something to do with here, carefully watch it with Eur-Usd. Leading diagonals very often overthrows and this is special behaviour with commodites.
[size=100%]Shorted it with stoploss of 55 $.
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Merkinnät: Oil - Not so fast Vladmir
21.3 - 2009 Weekend thoughts - work
[size=100%]SPX went to 768 pivot point in 2 days, I covered my SPX short but likely opening it soon again (just a bit trading for as this bear market won´t aloud us to stay at the long side).
[size=100%]Silent unviolent plunge from 800 to 768 appears to be small W1 for me, likely small and tiny W2 upwave ahead which should not violate SPX800 (in most often W2 comes 50 - 78.6% of W1 size with price and time attitude).
[size=100%]This might take a day, half or few (not important factor actually for anyone else as most nifty traders), then 5/5/3 down should follow ending below 700. Toxic assetts in US is going to be one subject on next week - more toxic bills to pay for US taxpayers, god help them.
[size=100%]Btw. By kontratieff point of view, market cycle is 8,6 years. If we multiply that with X 365 we end 3138 fibonacci number days. This targeted day seems to pinpoint for 23.4- 2009 based for work by Amstrong famous PI model. I do assume if we would take 3138 days looking behind far enough this chart is going to hit to the very meaningfull place where market turned last time.
[size=100%]There´s cycle downtrend bottom knocking our doors allready when and if we start to approach closer to the SPX 600 calm waters, but I do afraid we didn´t get this easy. Next autumn might come as ugly as previous one bringing a new downwave impulse for us - but it´s a little bit too early to look that far yet.
[size=100%]Slow motion is a bear market attitude. Everything moves much slower phase as during bull market: Peoble in the streets, cars and even a music tempo. Did you know that most classical music tempo were much slower in 193X. Here´s some stunning performaces from US. From the program format which ideally describe some psychology behind the bull market sceme.
[size=100%]http://www.youtube.com/watch?v=jLa5qYP_HCw
[size=100%]Enjoy the weekend & spring,
[size=100%]Market Geometry
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Merkinnät: 21.3 - 2009 Weekend thoughts - work
FED - the very last pyramid still standing
Added JP. Morgan and Goldman put options today for swing over the next weekend.
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Merkinnät: FED - the very last pyramid still standing
SPX800 - 18.3-2009
[size=100%]Too much for me and too fast. I did a exit all longs (actually sold most allready at SPX 770).
[size=100%]Perhaps this IV wave leads us far ahead at the end of the day meaning much later in longer run, but I prefer to take only easy setups and prefer to exit on time as well.
[size=100%]Particulary I don´t like FED action today even market bought an idea of "paper money".
[size=100%]I also shorted SPX800, planning to keep it for next week (if my stoploss with 823 will not blow it down).
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Merkinnät: SPX800 - 18.3-2009
16.3-2009
[size=100%]Now, that was nice fourth of fifth up wave from 662 Fib bottom (3/5). It seems it mostly effected to the financial & bank stocks pretty much doubling City and Band of America.
[size=100%]SPX 770-800 is the area where I would expect the final fifth of fifth to start to lead this market to the new bottom as mentioned SPX600 area. We are pretty much end of this bearmarket at least for now (next 6 months), nor later that 23.3 - 2009 - 23.4-2009 there should be massive long times ahead for us. [size=100%]Swiss frang is shorting allready as another approvement.
[size=100%]It´s great to be invested - personally I started to get tired for trading allready. Only advice I can give is that buy next plunge. If you´re more trader approach behaviour, be very carefull to short very last 5/5 - there´s huge truncated risk.
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Merkinnät: 16.3-2009
662 - fibonacci target bottom
[size=100%][size=130%]7.3 - 2009, Market Closed
Occured today.
Well, 666 if you want to dress it for devils number as DowJones cut 6666 too ;).
It appears GE run away from me - should act there on wensday when it really lost it´s tick. Not much action for me today, but holding what I bought yesterday + some Intel trading. There seems to be spike during the late hours with SPX - certainly because Fib662 was so close, even reasonable decent one. Now, we´re inside of far too low for me and it´s real danger to short anything anymore unless you´re very fast moving intrawave trader.
It´s time to start scanning most heavily oversold RSI´s from this market and time to take more conservative approach, I am planning to start taking some heat very soon. Be aware that if SPX600 fails, there would be more significant drop to much lower, far below 500 and no, I don´t call todays action as final bottom yet instead this is a reversal which might give more on next week or then not - but when all of this destroy finally ends even more temporary, I´ll do expect that it would be something more violent & specific issue related as silent friday lag of buyer & sellers.
With existing W5 truncated risk there should be soon some real investors buying, the one´s who are able to take the heat meaning well reserved cash.
Nor reversal, but not panic either - market starts to look pretty dead place. Nothing new in this posts I assume for my readers, 600-662 is buy road for me and very minium target of it was met today with 4 points error. [size=100%]
I am preparing also with Eur-Usd more steady reversal in here also back to 1.30000 area[size=100%]. I propably should call todays as "mini-minium" buying requirements are met with SPX points, but I really didn´t expect this targeted range to come this quickly, basically many weeks freefall withthout any positive day at all and it didn´t pause today either before very last hours.[size=100%] Market is 2 weeks ahead from my charts. One more up, one more down and we could be clear if none of the waves in this impulse will not extend. If waves will extend, this spring is going to be very ugly.
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Merkinnät: 662 - new bottom
Well,
[size=100%]No breake for bears it seems, but yesterday selling program was not very panic either to my eyes even Indexes ended big minus pertantages the day. I bought Adobe, Pfizer, 2X Intel and Amazon yesterday even they didn´t actually fall together with market - more or less they all were dead flat.
Market still seems to sell bank´s and financials mostly. JPM, The US biggest bank at the freefall. Perhaps that GE would be buy at 5 $ also if it falls that far.
I am waiting at least some breake for friday, but likely we are going down again on next week to my abyss as mentioned 600-650 area before, but I cannot smell much panic on there yet - Vix seems not to spike either even there´s SMA 50/200 bullcross behind of it.
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Merkinnät: Well
Terminal Breake
5.3 - 2009
[size=100%]
Perhaps it´s time to re-consider this market as terminal breake for bears again. Some stocks starts to get real hammered and as one example is General Electric. With 4 days it sold down -40% which was real hammer from the marketplace - is this enough for world biggest company ?
It starts to sound a very mad, GE money is not a bank and very small part of their business.
Also, one exceptional stock does not much care about market selling is Amazon, it looks like would prefer to breake SMA200 line to the upside and with that MACD I cannot see much bears with it instead more upside impulses. Third one is Adobe, RSI-30 line seems to bottomed allready, at least now, so is Pfizer.
I see this market very danger now to estimate actual direction from here, have you ever seen the bear rally, if that one occures Eur-Usd can run in here even 600 pips and it´s the US dollar which dominates the market, only advice I can say is that follow it (Eur-Yen also).
The market was slightly positive yesterday, even it still looked very much as bear bounce and falled again during the last hours leading us pretty much nowwhere else than back to SPX710 which is not far away from ultimate new low (692). Financial and Banks stocks were still under pressure and ended day with big minus percentages.
[size=100%]And yes, when writing this for europen morning coffee, SPX futures are selling down back to 692...[size=100%]because General Motors informed they might get down if they don´t get more money told reuters. Interesting, because 692 is also pivot support.[size=100%] God Damn, Let it go down, it would approve that economy still works.



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Merkinnät: Terminal Breake |
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