Search results

My experience tells me that just like any other TA method or technical pattern, Elliott Wave theory doesn't work all the time. But at the times when the chart shows a clear Elliott Wave pattern, it's time to use it :)

I am relatively new to VIX and its ETFs. But as far as I know VIXY tracks the S&P 500 VIX Short-Term Futures Index, and when S&P 500 shows more volatility, VIXY would move more. But in the recent days it doesn’t show this character or even show the opposite (please see the attached chart and...

The market breadth is strong. New 52-week Highs Vs New 52-week Lows: 153 Vs 14 this afternoon. Stocks seem to be looking up instead of looking down.

I almost bot a put too. It's just a matter of time, TLT will eventually come back down. Yep, "When" is the tricky part.

Hi Random, Could you provide a link for the Japan bond and its historical price chart, Thanks!

T-bond price is now in historical high. Let's assume recession is coming and the stock market is falling in the coming months, how much higher can T-bond still go based on the fundamental analysis?

If this is the end of wave-2 for weekly S&P 500, its wave-3 down move could be very sharp.

SPY weekly on wave-2?

I'm not sure about investing in RMB under the current situation. The fact is that the Chinese central bank has perhaps been printing more money than the Fed does in the recent years and there's great inflation in China. I don’t see things can be under control there in the foreseeable future.

SPY intraday got a channel line support today.

SPX daily seems to be on wave-4. If so, wave-5 may be coming in a couple of days.

Sorry, somehow I could not post two charts together in one post, anyone can compare the two charts in my last two posts and see the difference. If you know why please let me know. (Bigcharts.com is the same as IB's)

SPY daily chart from freestockcharts.com

The chart above was from freestockcharts.com. But later I found that there's a Big difference from IB's chart for the same stock(SPY) and some others. Which really piss me off:mad: Traders may be seriously misled by the wrong charts! Just compare the two charts and see: Both charts are...

S&P 500 seems to have some trouble getting through Fibo 0.318 and the broken channel line resistance. Let’s see how it goes in the following days.

I found this rumor from Bloomberg.com report this morning: "… in Asian trading amid speculation the U.S. will announce measures to support the market and as state- run funds in South Korea and Taiwan bought shares". And perhaps there will be some bargain hunting at this level as well ?

It's not true to say there's no freedom here. People are free to buy monsanto's GMO food as much as they like. The Government want you to have 'great food' these days you know :cool:

As far as I'm concerned, the aggressive selling in the past 2 weeks shows that stocks has already entered a bear market. The weekly SPX is also forming a H&S pattern. This down trend may last a couple of months. I hope it will bounce back up in the next few days so I can find an entry.

Gold may have touched its upper channel line today.

I think US$ will bounce back up on the debt ceiling deadline. And gold should fall at the same time. The coming Monday and Tuesday will be the days to watch.