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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #721
  • Edited 4:45am Apr 3, 2009 4:34am | Edited 4:45am
Quoting wormboy
4500, just as planned. Stop is now amended & taking half of my position [0.2 lotsize] off the table.

long@4375 sl@4395.

As previously shown, between the current level of 45xx to 46xx had provided stiff resistance. Unless scalping between these levels, I personally do not thing adding to a position or making a new entry would be a wise thing to do. Preferably, will wait for a break or bounce off this level before deciding.
Quoting wormboy
Stop amended long@4375 sl@4460

Stop amended.

long @4375 sl @4560.

We currently have further break up north. Let's see how the current price closes in 4 hours time.
Good luck
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  • #722
  • Apr 3, 2009 8:07am Apr 3, 2009 8:07am
Quoting wormboy
Dennis made me look.
Watch the highlighted blue level. Break below will likely be a good place to short & buy back the dip at 4500 support which is at the lowest tl.
Good luck.
Originally posted chart #719.
And we remain bullish since the levels which were hghlighted were respected.
Keep those longs intact if you're still holding. Good luck
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  • #723
  • Apr 3, 2009 8:19am Apr 3, 2009 8:19am
Quoting wormboy
Stop amended

[email protected] [email protected]

Stop amended.
long @140.58 sl @145.00

No shorts in sight yet. Will be looking for a close above 149 level before tightening the stops. Good luck.
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  • #724
  • Edited 8:32am Apr 3, 2009 8:22am | Edited 8:32am
It's already taken out 4770. Next target is 4985.
I will post Delta chart once ITD 6 top is confirmed.

In the meantime, this C wave will be a long one.
This baby should go to at least 1.56 if not more.

does this mean straight to the target? lol..no but its going there
Attached Image (click to enlarge)
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Don't chase the market, Let the market come to you
  • #725
  • Apr 3, 2009 8:36am Apr 3, 2009 8:36am
nice one tm. I have 4950 level in sight. Good spot mate
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  • #726
  • Apr 3, 2009 2:04pm Apr 3, 2009 2:04pm
Dragon outlook for me in the next week or so....area to watch 148.50 or so.
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Going to make it big by age 21.
  • #727
  • Apr 3, 2009 2:13pm Apr 3, 2009 2:13pm
Quoting wormboy
Stop amended.
long @140.58 sl @145.00

No shorts in sight yet. Will be looking for a close above 149 level before tightening the stops. Good luck.
Okay. Final stop amendment before the weekend break. We got close to 149, but this is good enough given how close we are to the close.
Two possible outcome, with the obvious further upthrust being one, but a strong outlook on a pullback had me tightening the remaining of my position for this beast. Doesnt matter if she doesnt break south, I will obviously welcome a further move up

long @140.58 sl @147.00

Good luck & enjoy your weekend everyone
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  • #728
  • Apr 3, 2009 2:28pm Apr 3, 2009 2:28pm
Quoting wormboy
Stop amended.

long @4375 sl @4560.

We currently have further break up north. Let's see how the current price closes in 4 hours time.
Good luck

Ooops. Forgot I had another
Stop amended for the weekend.

long @4375 sl @4710

Chow
Thank You
  • #729
  • Apr 3, 2009 2:42pm Apr 3, 2009 2:42pm
Quoting wormboy
Ooops. Forgot I had another
Stop amended for the weekend.

long @4375 sl @4710

Chow
Have a good one Wb c u next week
  • #730
  • Apr 3, 2009 5:45pm Apr 3, 2009 5:45pm
Quoting wormboy
Ooops. Forgot I had another
Stop amended for the weekend.

long @4375 sl @4710

Chow

Doing real nice work WB and become you
"Millionaires don't use astrology, billionaires do"
  • #731
  • Apr 5, 2009 7:13am Apr 5, 2009 7:13am
Stew thanks mate, hope you're having a good one too

Orion my friend, where have you been? Missing the usual good stuff from you lately mate, don't make it a habit I know you're cashing them in too yea

Welp, dinner time. Catch you guys later at the open. Cheers!
Thank You
  • #732
  • Apr 5, 2009 12:04pm Apr 5, 2009 12:04pm
Here's Cable long term outlook with Delta - LTD chart.
Another low for cable this year still can not be ruled out yet because we still do not know whether Super Long Term Delta 2 has arrived at LTD 14 or not.

From analysis of Delta LTD chart and looking back at previous cycles, these are the observations:

1. In the previous 2 cycles, LTD 15 was due in the period of March - April. If the pattern repeats again this year, we could expect LTD 15 high to be due this month too, and this means that the current rally may be short lived. Delta howerver allows LTD 15 to be due as late as June. It's just that from looking back at previous 2 cycles, it was due in March - April.

2. In the previous 2 cycles, SLTD 2 low was due together with LTD 16 low around the time period of June - July (I circled in red). This means that if SLTD 2 also arrives at the same time this year, then after we finish this upmove to LTD 15, we will move lower to LTD 16 and LTD 16 will be lower than LTD 15 (lower than 1.35). This would then be THE bottom for cable, due around June - July.

Conclusion:

- Although we may have a nice rally in the near - medium term, it's too early to say that cable has bottomed out. SLTD 2 low has not been confirmed and in fact in previous 2 cycles, it arrived in June - July together with LTD 16. If this year repeats the pattern of past 2 cycles, then it supports the view of EW count that we have not finished wave 5, and that we are currently finishing a flat wave 4.

- But if SLTD 2 has arrived with LTD 14 low this year (SLTD 2 can arrive either at LTD 14 or LTD 16 according to Delta rule), then this rally will be quite big, and SLTD 3 will not arrive until later this year.
Attached Image (click to enlarge)
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Don't chase the market, Let the market come to you
  • #733
  • Apr 5, 2009 8:04pm Apr 5, 2009 8:04pm
Wormboy pointed out a UCAD oppertunity to me so I thought I'd post the chart if someone was interested. and like wormboy has taught me over the past week....dont trade the bottleneck...stay away from the turqouise
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Going to make it big by age 21.
  • #734
  • Apr 5, 2009 8:40pm Apr 5, 2009 8:40pm
Quoting wormboy
Okay. Final stop amendment before the weekend break. We got close to 149, but this is good enough given how close we are to the close.
Two possible outcome, with the obvious further upthrust being one, but a strong outlook on a pullback had me tightening the remaining of my position for this beast. Doesnt matter if she doesnt break south, I will obviously welcome a further move up

long @140.58 sl @147.00

Good luck & enjoy your weekend everyone
Stop amended again

long @140.58 sl @148.58

There seem to be no end to the move lol. But no, we'll be realistic because we know that's not the case. But as I've always said in the past, being early does not make you right. So I'm gonna ride this beast till she really is out of steam. Good luck everyone

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  • #735
  • Apr 5, 2009 8:50pm Apr 5, 2009 8:50pm
Quoting wormboy
Ooops. Forgot I had another
Stop amended for the weekend.

long @4375 sl @4710

Chow
Stop amended. Nearing initial target levels.

long @4375 sl@4825

Good luck
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  • #736
  • Apr 6, 2009 12:15am Apr 6, 2009 12:15am
Quoting wormboy
Stop amended again

long @140.58 sl @148.58

There seem to be no end to the move lol. But no, we'll be realistic because we know that's not the case. But as I've always said in the past, being early does not make you right. So I'm gonna ride this beast till she really is out of steam. Good luck everyone
Here we go. Stops amended.

long @140.58 sl @149.25

Good luck
Thank You
  • #737
  • Edited 5:15am Apr 6, 2009 2:51am | Edited 5:15am
Quoting wormboy
Stop amended. Nearing initial target levels.

long @4375 sl@4825

Good luck
Target levels reached. Time to tighten it.

long @4375 sl @4875

Good luck
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  • #738
  • Apr 6, 2009 3:30am Apr 6, 2009 3:30am
Okay so I'm young and jumped the gun but thats just me.

Long UCAD at 2260 Stop loss 2213 TGT1: 2420
Attached Image (click to enlarge)
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Going to make it big by age 21.
  • #739
  • Apr 6, 2009 3:57am Apr 6, 2009 3:57am
Quoting dstryr
Okay so I'm young and jumped the gun but thats just me.

Long UCAD at 2260 Stop loss 2213 TGT1: 2420

Takes a big man to admit his mistakes. That'll be your first cue to success
Good luck bro
Thank You
  • #740
  • Apr 6, 2009 7:03am Apr 6, 2009 7:03am
Quoting wormboy
Here we go. Stops amended.

long @140.58 sl @149.25

Good luck
sl amended.

long @140.58 sl @149.75
Thank You
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