Market Outlook
- Thread starter GrandSupercycle
- Start date
EliteThink, it would help if you learnt how to use the internets and actually went to the blog. I'm not here to spoon feed you.
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Rising wedge scenario still applies (ie equities resume downtrend)
Nasdaq chart at blog.
USD rally continues and as mentioned numerous times, significant upside expected.
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Rising wedge scenario still applies (ie equities resume downtrend)
Nasdaq chart at blog.
USD rally continues and as mentioned numerous times, significant upside expected.
Originally posted Feb 16, 2011.
âWhen DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OILâ
âWhen DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OILâ
wow, yes, just trying to figure out this mouse looking thing in my hand. Give me a couple years and I'll 'learnt' where the space bar is.
No, you first posted this idea in August 2010. I believe it was the 15th. You have never publically admitted this fact, instead hidng behind the idea that slightly changing the wording makes it a new trade in February 2011.
Nine_Ender
There must be something seriously wrong with you.
I'm serious.
It's not a trade, it's analysis.
Don't you know the difference ?
You're not that stupid are you ?
And please provide proof that I first posted it in August 2010.
Ok, I'll post it again for newcomers to this thread. This is what Grand_Stuper_Cycle posted on his blog August 15th, 2010 ( note the year ) :
" DOW and SP500 weekly charts Fri Aug 13 inclusive.
The indexes continue to be pulled in opposing directions by the
buyers and sellers â as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.
As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.
EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.
CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.
COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time â warning whatâs ahead for the global
economy.
Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
One might ask how it is long term trends were bearish ( according to the author ) in August 2010 AND August 2011, yet the prices went up in many of the categories.
One might note that the author is extremely stubborn, and any money invested in the March 2009 lows will be breached has been at best "dead money" in the entire time period, missing a 35% rally in the stock market in the interim.
We all await with baited breath the long awaited explanation for this major mistake.
" DOW and SP500 weekly charts Fri Aug 13 inclusive.
The indexes continue to be pulled in opposing directions by the
buyers and sellers â as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.
As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.
EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.
CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.
COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time â warning whatâs ahead for the global
economy.
Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
One might ask how it is long term trends were bearish ( according to the author ) in August 2010 AND August 2011, yet the prices went up in many of the categories.
One might note that the author is extremely stubborn, and any money invested in the March 2009 lows will be breached has been at best "dead money" in the entire time period, missing a 35% rally in the stock market in the interim.
We all await with baited breath the long awaited explanation for this major mistake.