Market Outlook

Quote from bone:

There is no right way or wrong way to make money trading markets... if you are consistent trading the markets by reading the peanuts in your shit, then who am I to judge ?

I have used a Bloomberg on and off for the past 20 years - the only reason I have done without the past three years is because I didn't have a firm covering that long two year contract. The Bloomberg is expensive for a reason - it is simply the cat's ass. I love that Beta Scatter Plot Correlation functionality, and I currently have a workaround with a commercial stats package ( which I admit is not as robust ).
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I hear you on the two year contract. It's expensive. But I figured that the data that i need would cost about 1k/month and be a pain in the ass to source and integrate together.

What reminded my of Microsoft is that when I signed the contract they asked me which services I was using along with bloomberg and which services I was dumping because of bloomberg. At a meeting later they said that they "wanted to help me reduce my costs by eliminating duplicate services."
 
Quote from Lucrum:

Let me check Grand Poo Pah's 610 minute chart and then after comparing it to the 377 hour chart I'll get back to you.
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I am eagerly awaiting the bullish over 25 minutes but bearish over 45 minutes call.
 
Quote from canuckrookie:

Everything has a purpose in TA including ew theory. So Dow is now below its 200 dma (11977). My short term MACD has already showed a cross since 5 days now. The bulls are trying to hold up the price above the bollanger band average. Wouldnt be surprised is they get it back to par by end of day in order to ward off the bearish technical trades despite the macd being right 95% of the time. Expect some hopium euro headline around 2-3 pm. :D
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Well I called it. par for the win.
 
Reminder:
SP500 bearish daily chart is increasingly influential and megaphone wedge
continues to warn of big move ahead. Gold and Silver daily charts bearish
warning strengthens and further downside expected.

Trolls who are frustrated with the market and do not understand the volatile fluctuating trends as market sentiment vacillates, require a scapegoat and outlet for their anger. The next few years will further confuse and distress them as the bear market advances.
 
Bone, i'm still waiting for a response.
BTW I do not have 'disciples' as you put it.
Is that how you view your paying customers ?

Quote from GrandSupercycle:
Bone,
Why are you talking about Ellliott Wave ? As mentioned previously, I do not trade with EW and never have. Hope that clears up your confusion.

Bone states:
"Well, relying upon cyclical studies and wave count analysis in particular like Ellliott Wave will certainly amplify this anxiety. Too vague to be useful, and the constant and ongoing revisions can make it an untenable and psychosis-inducing exercise. How can two completely opposed biases regarding the S&P 500, published in the same day, inspire confidence ?"
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SP500 bearish daily chart is increasingly influential and megaphone wedge continues to warn of big move ahead.
Gold and Silver bearish daily chart strengthens further and more downside expected
 
I might as well join :

Thourough fondamental analysis, in depth chart reading and a very up to date weather forecast over the NYSE show choppy trades for the last hour or so.

Hold your breath for my upcoming blog :p
 
More seriously I did add 2 ES to my already leveraged long positions @1228 after the jobless claims this morning, see if the positive data helps the market bounces off its support - not impressed so far :confused:
 
Quote from luisHK:

I might as well join :

Thourough fondamental analysis, in depth chart reading and a very up to date weather forecast over the NYSE show choppy trades for the last hour or so.

Hold your breath for my upcoming blog :p
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Are you bearish on the 10 minute chart but bullish on the 20 minute chart? There is impending doom; but there is also a chance of a gap rally.
 
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