Agreed. I think, as the date gets closer, one or the other will show itself. I’d also keep an eye on the volume on the spy/iwm and dollar as possible cues before the meeting ends. For now, having the 1065 fp in mind, pushing this higher only sets up for a very ugly wave down
They could also let the dollar run to the fp of 86.47, right before legatus, and then crash it, That would make commodities nice and cheap right before they spike
Well, we should all know that this was coming. They are likely to continue this insane rally with brief pullbacks all the way until late October. So this shouldn’t have surprised anyone. A surprise would be if they sell off before then and make some type of wave 1 down and then rally back up into it for the wave 2 up.
That would surprise me as it seems as though they simply don’t allow elliottwave patterns to form properly anymore. So while this is a logical pattern to form in front of what should be a nasty wave 3 down after the 3rd week of October, it might not happen? Instead we could see the first wave down be the nastiness for all I know.
yes. ugly indeed.
the metals I believe are reflecting the move.both dancing together, a correlation – not a causation.
http://stockcharts.com/h-sc/ui?s=$COPPER&p=D&yr=0&mn=5&dy=0&id=p80468715488
dollar down, equity up – I don’t see it as insane.
now, if the dollar was fixed, then Yes – absolutely!!!
http://stockcharts.com/h-sc/ui?s=UUP&p=W&yr=3&mn=0&dy=0&id=p78735385334
APPLE Hour chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/09/apple-hour-chart-analysis_12.html
ES hour chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/09/es-hour-chart-analysis.html
http://www.microsofttranslator.com/bv.aspx?from=es&to=en&a=http%3A%2F%2Fwww.cronista.com%2Ffinanzasmercados%2FBancos-y-casas-de-cambio-exportaran-el-oro-que-ya-no-pueden-vender-en-el-pais-20120911-0050.html
Agreed. I think, as the date gets closer, one or the other will show itself. I’d also keep an eye on the volume on the spy/iwm and dollar as possible cues before the meeting ends. For now, having the 1065 fp in mind, pushing this higher only sets up for a very ugly wave down
Or the FP in the dollar is the end of the first wave down in the market right after the meeting.
They could also let the dollar run to the fp of 86.47, right before legatus, and then crash it, That would make commodities nice and cheap right before they spike
Well, we should all know that this was coming. They are likely to continue this insane rally with brief pullbacks all the way until late October. So this shouldn’t have surprised anyone. A surprise would be if they sell off before then and make some type of wave 1 down and then rally back up into it for the wave 2 up.
That would surprise me as it seems as though they simply don’t allow elliottwave patterns to form properly anymore. So while this is a logical pattern to form in front of what should be a nasty wave 3 down after the 3rd week of October, it might not happen? Instead we could see the first wave down be the nastiness for all I know.
JPM Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/09/jp-morgan-chase-chart-analysis.html