i do not care about your thoughts either, i wrote the post for the people that still might think you're offering them the new holy grail and are still sticking around hoping you will actually teach them how to use it.
Hello all. I have been traveling and not keeping up here too well. As you can see the curve remained fairly balanced since I have been gone. As suspected, we did move up to test value at the unbalanced highs as we discussed at the beginning of the month. Our longest line still remains the same, so until(if) this changes then we still must respect the current value area.
I wanted to post today for you so you could be alert to what is occurring. Traders are trying to establish a new value area at/above the top. If successful, and value builds over the next session or so, I would expect we may move up to test the area of supply just above 1.58/5835.
We are up about 131 ticks as of this post, if we do stretch it more than I would look for the 5735/35 critical area to hold intraday.
Likewise, if these upper levels are rejected quickly, be alert to a move back into the 2% value area and possibly a move back down toward the bottom.
Remember, full moon.
http://www.morrisfunds.com/storage/f...05.20.2008.PNG
I wanted to post today for you so you could be alert to what is occurring. Traders are trying to establish a new value area at/above the top. If successful, and value builds over the next session or so, I would expect we may move up to test the area of supply just above 1.58/5835.
We are up about 131 ticks as of this post, if we do stretch it more than I would look for the 5735/35 critical area to hold intraday.
Likewise, if these upper levels are rejected quickly, be alert to a move back into the 2% value area and possibly a move back down toward the bottom.
Remember, full moon.
http://www.morrisfunds.com/storage/f...05.20.2008.PNG
To me this junction is where the money is made or lost. It was logical to assume a move up for the month. Now it is difficult to hold long. The logical brain says ... "we are up 160 points on the day, there is no way I should hold on and ask for more from mother market".
I do not think we have seen the top of the next range extension yet. Maybe we have, but I think it will come closer to 1.5829. This is another 150 points higher or so. Many weak holders will exit expecting the Asian session to retrace. My bet is 1.5635 will hold the downside into the coming sessions.
In any case, once we find a new curve to work, we can make some decisions. Any close in the NA session above 1.5694 would be very bullish, but it looks like it will be hard to get there at this point.
I am hesitant to say this for fear of being called a bigger quack than I am, but I follow syndonic cycles very closely. Today there was a full moon and while you may think it foolish, that is why we had a move. Always shakes the market. The key is to watch for a continuation or all out reversal at these cycles. If we continue up, then longs into the next cycle are favored by me. Many times these cycles provide an all out reversal of sentiment. You could say that the Euro has been headed down recently, but has the current syndonic cycle reversed this as the moon is at it's farthest distance from the Earth and pulling on our emotions with great force. Time will tell. Look out your window and you can trade reliably. Don't you find it interesting that all the big moves occurred on May 20 so far. Oil, Gold, Euro, SP. ITS THE MOON of course.
I do not think we have seen the top of the next range extension yet. Maybe we have, but I think it will come closer to 1.5829. This is another 150 points higher or so. Many weak holders will exit expecting the Asian session to retrace. My bet is 1.5635 will hold the downside into the coming sessions.
In any case, once we find a new curve to work, we can make some decisions. Any close in the NA session above 1.5694 would be very bullish, but it looks like it will be hard to get there at this point.
I am hesitant to say this for fear of being called a bigger quack than I am, but I follow syndonic cycles very closely. Today there was a full moon and while you may think it foolish, that is why we had a move. Always shakes the market. The key is to watch for a continuation or all out reversal at these cycles. If we continue up, then longs into the next cycle are favored by me. Many times these cycles provide an all out reversal of sentiment. You could say that the Euro has been headed down recently, but has the current syndonic cycle reversed this as the moon is at it's farthest distance from the Earth and pulling on our emotions with great force. Time will tell. Look out your window and you can trade reliably. Don't you find it interesting that all the big moves occurred on May 20 so far. Oil, Gold, Euro, SP. ITS THE MOON of course.
- #99
- May 20, 2008 6:41pm May 20, 2008 6:41pm
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
ITS THE MOON of course.
To say there's a tradeable edge is debatable, but there's definite effect. Seeing as our brains are mostly water, why not?
I am hesitant to say this for fear of being called a bigger quack than I am, but I follow syndonic cycles very closely. Today there was a full moon and while you may think it foolish, that is why we had a move. Always shakes the market.
I think you mean synodic cycles and not syndonic cycles. Its interesting. there was one full hour presentatiom on discovery channel before sometime on how can synodic cycles can change your moods. I watched it with great curiosity. They gave some examples about gambling at vegas and other things. People start behaving irrationally during synodic cycles. I guess there should be some correlation. Somebody should develop some strategy based on synodic cycles. That would be interesting
.
BTW, what you think about EUR/USD now ?. I am in pacific time zone and I try to keep track of market till 12:00 AM EST. News are bad and in favor of EUR, but I have a gut feeling that it will go down.
I think you mean synodic cycles and not syndonic cycles. Its interesting. there was one full hour presentatiom on discovery channel before sometime on how can synodic cycles can change your moods. I watched it with great curiosity. They gave some examples about gambling at vegas and other things. People start behaving irrationally during synodic cycles. I guess there should be some correlation. Somebody should develop some strategy based on synodic cycles. That would be interesting
.BTW, what you think about EUR/USD now ?. I am in pacific time zone and I try to keep track of market till 12:00 AM EST. News are bad and in favor of EUR, but I have a gut feeling that it will go down.