lovey-dovey type soccer ..... didn't have to wait for Germany to kill 'em. Holland did. Brazil knocked out and deservedly so for playing sloppily. Yeah sure they had most of the ball possession, but they are no match for any team with INTENTION. Looking forward to the Argentina versus Germany game.
Dow Jones 5-min. chart STOP remains at 9760 closing basis 5-min. timeframe. As you can see, Friday's (July 2, 2010) action did NOT violate the STOP The SHORT on 5-min. timeframe continues unabated Note: International holiday from the holiday trip for days from today - no charts with me, so no updates.
--------------------------- Beautiful - an entire week of NO MARKETS, NO CHARTS. If anybody followed along they made a juicy profit on the shortside, swung into reverse and went LONG when the 9760 Dow Jones STOP was taken out - heck even if you waited for 3 or 4 bars on the 5-min. frame (after the stop was hit) to go LONG you're sitting in some good dosh right about now. So you're LONG. Dow Jones LONG STOP = 10,118 closing basis 5-min. frame Gotta review the KING of KINGS first, that be the $, tomorrow, then I'll know more of the whole story ....
World Cup 2010 I'll get this out of the way immediately ..... I'm WRONG, wrong, wrong, wrong .... because even though I never made any predictions, I was leaning toward Germany to win it all; never dreamed that Argentina would go down 4-0 and that Holland would make it this far. As for spain, I thoroughly despise their style of soccer. I won't be watching the final. As I stated in some earlier post, both these teams are BORING. Glad I didn't bet!!! On a bigger scale, I hope South Africa came out OK profitwise and that the money will pour in in the years to come - this is wishful thinking on my part as I know things are going to get rough, but they put on a good show and deserve to prosper. Anyway I'm glad the games went on without any terrorist bs fckin things up - hope it stays clean and without incident for the finals. South African music is bound to get a lift from the games - that's a good thing.
more aggressive (hi-risk) STOP = 10,164 Note: Jones has already caught the lascivious beam from the doll at @ 10,240, but might or might not retreat first to attend to personal hygiene Uploaded with ImageShack.us
Nov 3, 2009 ... extract from my TA thread .... premise is: Cash is champion for the first time in 80 years ------------------------ 6-20-2010 extract from http://www.elitetrader.com/vb/showthread.php?s=&threadid=168825 "Remember what Warren Buffett and Bill Gates said in the Nov 2009 CNBC special interview at Columbia University? .... CASH is the worst investment at ANY, ALL times. OK then, here's the next call: BEAR will tear both Buffett and Gates a new one in a BIG way!" --------------------------- Berkshire 1st target Price = 41,143 (and just in case Lord Baron reads this and next week says the call didn't work, its MONTHLY timeframe )
6-20-2010 extract from .... http://www.elitetrader.com/vb/showthread.php?s=&threadid=168825 So when this happens, i.e. CASH IS KING ..... meaning ALL CASH. Why? .... because we are talking value relative to goods and services. So over and above that, now factor in the international component of BEAR's 2 beneficiaries that I had identified, the US Dollar and Japanese Yen. This combo, CASH multiplied by $ and Yen is not just a 3-fer, its a Richter Scale 3-fer. This here then is the CRUX of my entire CALL since I came to ET. Oh, and about gold, don't worry, I'll have you clowns buying it at $250 and then we'll ride it to $10k together, no in and out trading, just one buy and hold. meaning gold top is so close I can smell it!!!! Shorting? forget it. Nobody's going to get paid. Best to retreat to a bear cave and enjoy the spoils of PRESCIENCE ---------------------------------- GOLD topped the very next day but will the top hold?
-------------------------------------------- I was on holiday so couldn't follow-thru' ..... but now ... The ALERT was correct! Euro turned within 90 pips of the CALL ALERT, you took profits on the 5-min. frame and are short now with serendipitous guidance for stop coming from the same monthly H&S neckline shown. For now the thinking is that only if euro gets above this neckline convincingly will we switch to LONG again. For now, Short is the way to be. And in case you've forgotten how beauteeeeeful my Monthly 50% Fib support was/is from quite a few prev. posts, see it again as the dotted line at bottom of chart and note how EurUsd came within a few pips of it in late June, saw the battallion there, reversed and bolted NORTH. Dynamic pressure is a fn of density and velocity squared = manifests as slope = dig that vertical move north from late june low, yeah baby!!! deeg eet mahn, less 'av sum Rawhm Uploaded with ImageShack.us
EurUsd now @ 1.2571 .... stay Short agressive take short profit 5-min. STOP = 1.2600 (STOPS closing basis 5-min.) note the 200 m.a. overhead and use judgement if TP occurs by waiting to see if its just an upwave completion or a real reversal. A nice 5-min downtrendline also passes @ 2610, so there are some nice anchors. Off to workout for hours, be back later. Uploaded with ImageShack.us
>>> Dow Jones LONG STOP = 10,118 closing basis 5-min. frame <<< (from post on July 11) Stay LONG, the STOP = intact, now raise STOP to 10,182 however for aggressive traders, STOP = 10,164 = triggered = TP @ 10,162 = HEALTHY PROFITS. However,as one can easily see, Dow reversed on the very next bar and went north. Regardless, aggressive traders took LONG profits @ 10,162. But here's the thing, Dow continued north after faking. This would have certainly caused some confusion. Would I have gotten back in LONG? I doubt it. Most likely I'd be caught with money safely in the bank but staring in disbelief as the market rallied. Shit happens sometimes when one is overly aggressive, but aggression is a damned good thing to have. so would I do something like this again? You're damn straight, I would!!!