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Market Outlook
- Thread starter GrandSupercycle
- Start date
Iâm sticking to my Feb 22 call that the DOW top on Feb 18 2011 signals the end of the rally.
FX, GOLD etc. are still tracking sideways and this will continue until the recurring DOW/S&P500 buying support is overpowered by selling pressure.
A new down leg is slowly being established, that I am sure of.
FX, GOLD etc. are still tracking sideways and this will continue until the recurring DOW/S&P500 buying support is overpowered by selling pressure.
A new down leg is slowly being established, that I am sure of.
The very overdue Wile E. Coyote correction has arrived and a substantial leg down has begun in my opinion.
Recap of a Feb 16 post :
Have been asked to give a concise summary of what I see ahead.
When DOW/S&P500 etc. overdue correction commences, I expect:
UP:
US Dollar, various USDXXX currencies, VIX Index
DOWN:
EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL
http://stockmarket618.wordpress.com
Recap of a Feb 16 post :
Have been asked to give a concise summary of what I see ahead.
When DOW/S&P500 etc. overdue correction commences, I expect:
UP:
US Dollar, various USDXXX currencies, VIX Index
DOWN:
EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL
http://stockmarket618.wordpress.com
Quote from GrandSupercycle:
The very overdue Wile E. Coyote correction has arrived and a substantial leg down has begun in my opinion.
Recap of a Feb 16 post :
Have been asked to give a concise summary of what I see ahead.
When DOW/S&P500 etc. overdue correction commences, I expect:
UP:
US Dollar, various USDXXX currencies, VIX Index
DOWN:
EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL
http://stockmarket618.wordpress.com
You posted this on January 29th :
Quote from GrandSupercycle:
Yes Gold + Silver gave warnings couple of weeks ago.
Gold + Silver daily chart has now gone sideways while a right hand shoulder develops on the possble head and shoulders pattern on the weekly chart.
Weekly indicators still warn of significant Gold and Silver downside.
I believe Gold is up around $100/ounce since you posted, which would be around 8%. All figures rough estimates, but the point is you are in the hole on your trade significantly and possibly under margin call. Assuming you actually trade at all.
You put out all these future guesses on things but seem unable to come up with successful trading stratagies. Please do post even one specific trade you are taking this week real time. This is the world that professional traders like myself have to deal with on a daily basis, I'm having a really strong month but its also not easy when world events like earthquakes distort normal trends.
Simply making wildly exaggerated claims and hoping to catch a guess is not real trading. Its a scammers world. Go ahead, explain how your 8% loss on a commodity is good trading. Or will you just ignore your losing positions and pretend you never posted them ?
You remind me a lot of "Deadbroke". In fact, given your opinions that both the stock market and gold will simultaneously crash ( an extremely highly unlikely paired event ), I think its a good bet you are one and the same person.
Over time, I pushed "Deadbroke" on his stated stop loss levels and he kept raising them ( losing more and more theoretical money ), until finally the whole charade got ridiculous and he quit.
Another reminder that since key global equity indexes are so
overextended â the overdue correction may be sudden.
overextended â the overdue correction may be sudden.
have fun fighting the fed...
"... A reminder that key global equity indexes remain very overextended and as a result the overdue correction may be sudden ..."
Iâm sticking with my Feb 22 call that the DOW top on Feb 18, 2011
signals the end of the rally.
The very overdue Wile E. Coyote correction has arrived and a substantial leg down has begun.
Longs please be careful.
http://stockmarket618.wordpress.com
signals the end of the rally.
The very overdue Wile E. Coyote correction has arrived and a substantial leg down has begun.
Longs please be careful.
http://stockmarket618.wordpress.com
I haven't seen the Nikkei drop that much in a really, really long time, I think another 10-20% and I think I would dip into some EWJ under $9.00 a share!!!!
Stocks Finish Off Lows Amid Quake Concerns
*NIKKEI
8254.18 -1366.31 -14.20%
*HSI
22449.6 -896.28 -3.84%
*CHINA
2874.6272 -62.9998 -2.14%
*S&P/ASX 200
4486.5 -139.904 -3.02%
*OIL
99.09 -2.1 -2.08%
Stocks Finish Off Lows Amid Quake Concerns
*NIKKEI
8254.18 -1366.31 -14.20%
*HSI
22449.6 -896.28 -3.84%
*CHINA
2874.6272 -62.9998 -2.14%
*S&P/ASX 200
4486.5 -139.904 -3.02%
*OIL
99.09 -2.1 -2.08%