Market Outlook

USDX intra reverts to bullish chop.
GBPAUD daily chart bullish warning.
NZDUSD daily chart bearish warning continues.
GOLD and SILVER bearish bias continues.
EURNZD and EURAUD daily chart bullish warning continues.

Keeping it real simple for the trolls:
Emini short @ 1341.50
XAUUSD short @ 1753.09

DOW weekly megaphone.
http://stockmarket618.files.wordpress.com/2012/02/2012-02-08_dow_wk2.png

 

Nice falling "magaphone" formation on 5 minute chart for XAU. Upside breakout imminent!

 

So when he was calling a top he wouldn't trade. Now he says it's more unclear after being wrong for 7%, so he's short now.

 

Netted 10 points fading you last night. Thanks. Are you sure you aren't really formal gold ?

 

SP500 overextended daily still breaking down.
EURSGD daily chart bullish signal.
USDJPY weekly chart now gives bullish warning so overdue USDJPY rally looking better now.

USDX intra reverts to bullish chop.
GBPAUD daily chart bullish warning.
NZDUSD daily chart bearish warning continues.
GOLD and SILVER bearish bias continues.
EURNZD and EURAUD daily chart bullish warning continues.

Keeping it real simple for the trolls:
Emini short @ 1341.50
XAUUSD short @ 1753.09

DOW weekly megaphone.
http://stockmarket618.files.wordpress.com/2012/02/2012-02-08_dow_wk2.png

 

DOW will break 13000 by Feb 17th at the latest. It may or may not close above 13000, but it will break above.

 

SP500 overextended daily breaks down further.





Important information regarding obsessive stalker 'Nine_Ender'
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449

 

Did anyone buy that crazy dip the last hour, I mean the dow was down a whole .25%. I hope no one missed it....spx should now skyrocket to 1478 by the end of March.

 

I think you meant 14,000....right?

 

The us30 (DOW) CFD that I have with FXCM shows the price racing up at 8am EST and then collapsing right back down again towards 10:30EST. Not certain what caused it, but it happened to XAUUSD as well, but XAU stayed up.

S2007S, you must be having a little fun with your 14,000 call on the DOW. I see current price at 12906. There is no way that will hit 14000 by next friday!!

By the way GrandSuperPooper, I called that upside breakout on XAU absolutely perfectly BEFORE it happened at exactly 8AM. (look back to 8AM on this thread). Do you think you could try and make your future calls in advance rather than taking credit for something that has already happened? I'm comfortably in the "unrealized" green on all my XAU trades - average long price: 1734.22.