DislikedI seem to be the only one here who is thinking this but I don't see this as the beginning of the next downtrend yet in au.Ignored
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DislikedI seem to be the only one here who is thinking this but I don't see this as the beginning of the next downtrend yet in au.Ignored
DislikedI seem to be the only one here who is thinking this but I don't see this as the beginning of the next downtrend yet in au. I don't think that will happen until the indicies start to fall and i don't see that happening until at least 1200 is hit on the S&P, probably in early April. I see consolidation for the rest of March for au and then a move higher in early April before any fall starts. Just my 2c.Ignored
DislikedFinally! I agree Amyc. S&P is Not rolling over just yet it's just topping (and this can take several candles). It will test that 1200 level! Daily candle suggests more gains according to historical candles as well.
I might also add that in the event that we do roll over on the S&P it is quite probable that it will only last for 10 candles or so before continuing higher. I do not see us on our way back down to the lows that we have seen this past year. It just doesn't look like that historically (for the S&P) during a Democratic Party President....Ignored
DislikedFor me if the S&P bounces off 1200 then I see a fairly significant fall during April May June down to around 970. The S&P has certain patterns that it completes every year and if that one doesn't complete it will be the first time in 20 years it hasn't. After that I see it going to the moon again for the next few years.Ignored
DislikedInteresting. I will not rule that possibility out only because I do fear what will occur when the Stimulus is pulled back and the Fed raises rates. Interesting time table as well because I would not expect such a pullback until the second half of the year.Ignored
DislikedSome view on aussie:
I'm not a fan of head and shoulders, but it looks like aussie is trying to form one on 4hr. Needs a 4hr close below 4hr Neckline for a decent confirmation.
To spice things up, the DXY broke out of the bull flag, with a test. (The chart I've been posting last week).Ignored
DislikedSaxon, do you know what the 50% fib retracement of this last pullback is?Ignored
DislikedSaxon, where you required to take the series 34 test, retail off-exchange examination by the national futures assocation? If so, any advice?
Apparently its the series 3 or 32 as well.Ignored
DislikedFibs reset to Feb 5th would make 50 at like 89145. If you are running fibs off Feb 25 it would set 50 @ like 90257Ignored
DislikedSaxon, where you required to take the series 34 test, retail off-exchange examination by the national futures assocation? If so, any advice?
Apparently its the series 3 or 32 as well.Ignored
DislikedYa, I took it and the series 3 and 34. If you want to be a CPO (Commodity Pool Operator) or a CTA (Commodity Trading Advisor) you will need to take both. Initially you will not have to take either as you would be able to operate under NFA exemptions, I think the are 4.13(a)(8), but not sure. You could get by without them until your pools exceed 400K or 15+ clients. Any client that is family I think doesn't require to be counted. Unsure though.Ignored
DislikedAlso, don't buy any study materials as I can provide them to you if you like. Also, if anyone else wants them I can give them to you too. The series 34 will just be a review to all of you but it works as a good refresher. I attached the NFA outline for the series 3 and 34 exams so you know what me and erik are talking about.Ignored
DislikedSorry I should have been more specific. Just the pullback we saw today.Ignored
DislikedSaxon your the MAN! I definatley owe you and will compensate you for your kindness when I get the ball rolling.Ignored
DislikedSorry to keep nagging but is this required even if you trade for someone elses fund? (I'm going to take them anyways).
ThanksIgnored