hmmmm with that in mind comes the inverse relationship of the currency and market.By right if currency goes UP then market goes DOWN i will be keeping a close eye on that as well thanks for the heads up on that fill ACP.
Well, one ray of hope…after the markets closed, EUR/USD filled the gap from this morning. If the Euro feels like tanking, there’s nothing stopping it now.
hmmm ok thanks cause overall to my own personal view i see a downtrend is something that is unavoidable. However i am an intraday trader so i also need some info day to day to see if i can piece things together as they go along.
I am not really looking at Monday yet but I think it is 85tds from the July low. Summation Index and my intermediate strenght cycle (which is working so far and it generally does except in March where it was muted) and today’s close which set up a completed wave 2 (or all the requirements for a wave 3 to ensue are met) for all indices. I was just looking at some weekly cycles and some interesting number play. Just that we have some 88s coming up and converging on a certain date that jibes with some of Jaywiz’s key dates.
Next week is going to be a huge week. Hint it’s week 87 from the March 2009 lows. By the way, I have more confirmation that 58 is the crash number: Nov 21 major low/McClellan Oscillator major low/qqqqs absolute low was week 58 from Oct 2007 high. This week was a doji week. But Summation Index continued to drift lower and now put some separation beneath its 20day average and going back a few years, there aren’t whipsaws once it penetrates it to the downside. A low could come in in a few days but that would require more selling. And miracle of miracles QQQQs and $ndx both finished in the red after sitting near their highs of the day for most of the session. Apple down $4+; not looking like a leader anymore. BBs are tightening for the euro and EEM (ewz not looking too healthy either)
Hahahah true the only way anyone is gonna earn money is to sucker in traders on the other side if there isnt anyone going in for the short will in hell will buyers get their money from.If im looking at a super winning trade and i have the house on my side meaning that any moves IIIIII make will shift the market in that direction.I would fake the masses out by releasing rumours and tanking it hard when they are in.After that i will find a scrapgoat to pin the blame on but laugh my way to the bank.Now dont get me wrong im not saying that the news are nothing but rumours in fact i find them warning bells that something is about to happen.However if everyone jumps into the market looking for a short if you were the house would you allow it to happen ? I see it as move money to push it even higher .Bear traders are almost if not dead.Any big down move will wake up alot of traders on the sidelines to start throwing their money in again but the timing isnt really right cause if it was up to me i would move for a down move after the republicans take the house they will be my scrapgoats if it goes down now who am i gonna pin the blame on other then myself (feds).
O GOD you guys will loveeeeee this
http://content.usatoday.com/communities/theoval/post/2010/10/obama-talks-about-terror-plots/1
hmmmm with that in mind comes the inverse relationship of the currency and market.By right if currency goes UP then market goes DOWN i will be keeping a close eye on that as well thanks for the heads up on that fill ACP.
Well, one ray of hope…after the markets closed, EUR/USD filled the gap from this morning. If the Euro feels like tanking, there’s nothing stopping it now.
NICE!
hmmm ok thanks cause overall to my own personal view i see a downtrend is something that is unavoidable. However i am an intraday trader so i also need some info day to day to see if i can piece things together as they go along.
I am not really looking at Monday yet but I think it is 85tds from the July low. Summation Index and my intermediate strenght cycle (which is working so far and it generally does except in March where it was muted) and today’s close which set up a completed wave 2 (or all the requirements for a wave 3 to ensue are met) for all indices. I was just looking at some weekly cycles and some interesting number play. Just that we have some 88s coming up and converging on a certain date that jibes with some of Jaywiz’s key dates.
ok is there anything from the numbers on monday for me to add on the list. Like any weird cycles or something?
Next week is going to be a huge week. Hint it’s week 87 from the March 2009 lows. By the way, I have more confirmation that 58 is the crash number: Nov 21 major low/McClellan Oscillator major low/qqqqs absolute low was week 58 from Oct 2007 high. This week was a doji week. But Summation Index continued to drift lower and now put some separation beneath its 20day average and going back a few years, there aren’t whipsaws once it penetrates it to the downside. A low could come in in a few days but that would require more selling. And miracle of miracles QQQQs and $ndx both finished in the red after sitting near their highs of the day for most of the session. Apple down $4+; not looking like a leader anymore. BBs are tightening for the euro and EEM (ewz not looking too healthy either)
I see thanks for the heads up i will be doing more research during sunday to see where everything is pointing.
Hahahah true the only way anyone is gonna earn money is to sucker in traders on the other side if there isnt anyone going in for the short will in hell will buyers get their money from.If im looking at a super winning trade and i have the house on my side meaning that any moves IIIIII make will shift the market in that direction.I would fake the masses out by releasing rumours and tanking it hard when they are in.After that i will find a scrapgoat to pin the blame on but laugh my way to the bank.Now dont get me wrong im not saying that the news are nothing but rumours in fact i find them warning bells that something is about to happen.However if everyone jumps into the market looking for a short if you were the house would you allow it to happen ? I see it as move money to push it even higher .Bear traders are almost if not dead.Any big down move will wake up alot of traders on the sidelines to start throwing their money in again but the timing isnt really right cause if it was up to me i would move for a down move after the republicans take the house they will be my scrapgoats if it goes down now who am i gonna pin the blame on other then myself (feds).