Market Outlook

GrandSupercycle · Feb 15, 2012

Vacillating euro hopium vs pessimism continues.
Despite SP500 daily / weekly overextension, USDX bearish warning on weekly chart returns and dollar weakness should support stocks / commodities / gold.
SP500/DOW ongoing daily and weekly overextension does ensure eventual waterfall sell off which will result in USDX bullish reversal.
USDX bullish monthly and SP500 bearish monthly chart warning continues and this will not change.

euclid · Feb 15, 2012

Quote from GrandSupercycle:

Vacillating euro hopium vs pessimism continues.
Despite SP500 daily / weekly overextension, USDX bearish warning on weekly chart returns and dollar weakness should support stocks / commodities / gold.
SP500/DOW ongoing daily and weekly overextension does ensure eventual waterfall sell off which will result in USDX bullish reversal.
USDX bullish monthly and SP500 bearish monthly chart warning continues and this will not change.

He went from undecided to bull to bear to perma-bear. All in one post. How do I fade that?

GrandSupercycle · Feb 15, 2012

02-06-12
Quote from GrandSupercycle:

AUDUSD monthly megaphone pattern warns of extremely volatile times ahead...

Important information regarding 'Nine_Ender'
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449

euclid · Feb 15, 2012

Quote from GrandSupercycle:

AUDUSD monthly megaphone pattern warns of extremely volatile times ahead...

No it doesn't, the "pattern" you have drawn warns of extremely volatile times back in 2008.

Re-posting these stupid charts just to promote your awful blog is moronic.

GrandSupercycle · Feb 15, 2012

Gold / Silver fluctuating intra bias reverts to bearish.

Vacillating Greece hopium vs pessimism market chop continues.

GrandSupercycle · Feb 15, 2012

Euro stock sell off results in rapid intra day USDX bullish reversal.
Back short Gold.

SimpleTrades · Feb 15, 2012

Quote from GrandSupercycle:

Euro stock sell off results in rapid intra day USDX bullish reversal.
Back short Gold.

At what price did you short? That's right; I forgot. You like to wait for gold to go up a LOT more before you finally make your price public.

GrandSupercycle · Feb 15, 2012

Gold intra bias reverts to mixed chop - exit short
Overextended USDJPY gives bearish signal - short

SimpleTrades · Feb 15, 2012

Quote from GrandSupercycle:

Gold intra bias reverts to mixed chop - exit short

"Oh Dear."

euclid · Feb 15, 2012

Quote from GrandSupercycle:

Gold intra bias reverts to mixed chop - exit short
Overextended USDJPY gives bearish signal - short

That's the first exit I've seen you post. I have to give kudos. Now you're posting live trades. Not many here do that. I wouldn't. You could add prices to make it easier to follow. It looks like you shorted gold at ~1725 and covered at ~1735. Did you short USDJPY at ~78.31? Do you have a stop?