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  • #405,081
  • Mar 11, 2011 6:26am Mar 11, 2011 6:26am
check out sky news on television, sick pictures from japan !

ships and cars are moved like toys by the water
Hero calls followed by margin calls...
  • #405,082
  • Mar 11, 2011 6:26am Mar 11, 2011 6:26am
main wave makes landfall in hawaii in about an hour...
  • #405,083
  • Edited 6:37am Mar 11, 2011 6:26am | Edited 6:37am
Quoting infinitus
Maybe we are in a big ABC correction down (wave 4 of C), maybe we are in a wave 3 down.

But however: this last impulse down is incomplete. We need at least one push lower to end this part.
Good to see you posting on ELLIOT...

Need patience for this to UNFOLD...

My patience level is 1.3876... for Bull Bear....I also wanted to see this hit 1.3730 at least...but ..... you know ... what can we do.....

So I took what I could..... and I will check the market 2 hours before it closes today..

HAVE A GOOD WEEKEND.
Markets are not Random, they are designed!
  • #405,084
  • Mar 11, 2011 6:28am Mar 11, 2011 6:28am
Quoting FibbinArchie
rough ball park projection for that markus?
Think we land either on DS1 @ 3739 or at monthly pivot @ 3698

Would also make nice Murrey math targets.


After that one needs to analyze wave structure to get a better clue if the hole move down is an impulse, part of an impulse or an ABC correction.

I think that we got from the top (when todays down will be finished) a wave 1, 2 and 3 of an impulse. Target for the following wave 4 would be the 4th wave of one lesser degree, that would be around 3840.

But chances are also high that this actual wave down might extend further down.

On 4h I have now wave 1 and 4 overlap. So this 5th wave has a good chance to extend.

If that is true we have to count since this mornings top 1-2, 1- and now 2

If it goes higher than 3803 this is invalidated to and one should stay on the sideline or try a long
  • #405,085
  • Mar 11, 2011 6:29am Mar 11, 2011 6:29am
Quoting EuroTrader
Attachment
now all this automobiles and plans will be sold to 3rd world countries at 1/3 prices.
  • #405,086
  • Mar 11, 2011 6:29am Mar 11, 2011 6:29am
Quoting FibbinArchie
nuke plant fire has been put out...
Time for the Japs to transfer all the re-patriated dosh out again !

LOL
  • #405,087
  • Mar 11, 2011 6:30am Mar 11, 2011 6:30am
Quoting infinitus
Think we land either on DS1 @ 3739 or...
great analysis, thanks...
  • #405,088
  • Mar 11, 2011 6:32am Mar 11, 2011 6:32am
Quoting Raza
Good to see you posting on ELLIOT...

Need patience for this to UNFOLD...

My patience level is 1.3976... for Bull Bear....I also wanted to see this hit 1.3730 at least...but ..... you know ... what can we do.....

So I took what I could..... and I will check the market 2 hours before it closes today..

HAVE A GOOD WEEKEND.




Have a good weekend too, Raza.

Catch ya later
  • #405,089
  • Mar 11, 2011 6:32am Mar 11, 2011 6:32am
Quoting Alihuzaifa
now all this automobiles and plans will be sold to 3rd world countries at 1/3 prices.
lol,
Positive Toughts, mate ?
Very Inspiring ,

Glass HALF -Empty if you ask me !!
  • #405,090
  • Mar 11, 2011 6:32am Mar 11, 2011 6:32am
Quoting profx
Time for the Japs to transfer all the re-patriated dosh out again !

LOL
the situation is fluid and evolving, now just heard that they've issued an evacuation alert near the nuke plant, reuters breaking news...

death toll now at 60...
  • #405,091
  • Mar 11, 2011 6:37am Mar 11, 2011 6:37am
The thing is pretty simple at the moment. Why do every1 think that correlation of stocks vs currency is positive?

When bad news happen investors PULL out of STOCK MARKETS thus boosting the CASH liquidity on the market and vice versa.

Japanese stocks tanked thus giving the boost to its currency.

One of my professors at the Economic University gave a simplest definition of a currency.

What is a definiton of a currency? Its simple = CASH.
  • #405,092
  • Mar 11, 2011 6:38am Mar 11, 2011 6:38am
Quoting infinitus
Have a good weekend too, Raza.

Catch ya later
edited 1.3876...... not 1.3976......

For upside far far in the future would be 1.3956...lol

:nerd:
Markets are not Random, they are designed!
  • #405,093
  • Mar 11, 2011 6:39am Mar 11, 2011 6:39am
Who cares about tsunami or not with trading? Market makers and professionals are the ones who decide.
  • #405,094
  • Mar 11, 2011 6:40am Mar 11, 2011 6:40am
Quoting T@rantula
The thing is pretty simple at the moment. Why do every1 think that correlation of stocks vs currency is positive?

When bad news happen investors PULL out of STOCK MARKETS thus boosting the CASH liquidity on the market and vice versa.

Japanese stocks tanked thus giving the boost to its currency.

One of my professors at the Economic University gave a simplest definition of a currency.

What is a definiton of a currency? Its simple = CASH.
thanks for that explanation T...
  • #405,095
  • Mar 11, 2011 6:42am Mar 11, 2011 6:42am
Inserted Video
  • #405,096
  • Mar 11, 2011 6:42am Mar 11, 2011 6:42am
Quoting T@rantula
The thing is pretty simple at the moment. Why do every1 think that correlation of stocks vs currency is positive?

When bad news happen investors PULL out of STOCK MARKETS thus boosting the CASH liquidity on the market and vice versa.

Japanese stocks tanked thus giving the boost to its currency.

One of my professors at the Economic University gave a simplest definition of a currency.

What is a definiton of a currency? Its simple = CASH.
"boosting the CASH liquidity" = increase of money supply = lower rates surely !

'O' level economics ?

(i'm no expert)
  • #405,097
  • Mar 11, 2011 6:45am Mar 11, 2011 6:45am
damn ... woke up & seen green, closed positions but realized that my 'sell limit' didn't trigger, i was tired and put it right above a fib retracement without realizing it .. alwell. Hopefully every one had an easy night/day of trading.

closed short at .3775 when I woke up and looked at USDX, entering first short for morning here since we are showing resistance at very short term trendline.
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  • #405,098
  • Mar 11, 2011 6:46am Mar 11, 2011 6:46am
Quoting profx
"boosting the CASH liquidity" = increase of money supply = lower rates surely !

'O' level economics ?

(i'm no expert)
me neither despite having done economics as part of my degree, 20 years ago mind, use it or lose it...

Wealth of nations is on my reading list, need to stop being so lazy with my reading...
  • #405,099
  • Mar 11, 2011 6:46am Mar 11, 2011 6:46am
Quoting Raza
edited 1.3876...... not 1.3976......

For upside far far in the future would be 1.3956...lol

:nerd:
Hahaha, I knew that it was a typo. But first I thougt: wow, this man has visions LOL
  • #405,100
  • Mar 11, 2011 6:46am Mar 11, 2011 6:46am
Quoting profx
"boosting the CASH liquidity" = increase of money supply = lower rates surely !

'O' level economics ?

(i'm no expert)
Actually finished the university with an average mark of 8,8/10

And btw JPY rallied UP.

Learn the basics first.
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