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  • #2,281
  • Nov 12, 2012 8:06pm Nov 12, 2012 8:06pm
Quoting Crassius
Obama will kill it. Period. I'm not kidding or being flippant. He hates carbons... has already floated a carbon tax after the election, and is beholden to the environmentalists who not only hate carbon, they really hate fracking...

He is a socialist. He believes he and his government know what is best in a top down, government managed, planned economy....

and carbons are not what he/they think is best. Therefore he will not allow it. He'll tax it to death, regulate it to death, make it impossible to be used in the US.
energy policy indecision is the way i read that.........not one or the other but just to note the republicans are bullshit too
  • #2,282
  • Nov 12, 2012 8:08pm Nov 12, 2012 8:08pm
Quoting roro53
energy policy indecision is the way i read that.........not one or the other but just to note the republicans are bullshit too

After this election I don't care anymore.... I'm taking my money and leaving before Obama's financial Berlin wall can be put in place to tax away any wealth you plan to leave the country with.....
  • #2,283
  • Nov 12, 2012 8:28pm Nov 12, 2012 8:28pm
Quoting Crassius
After this election I don't care anymore.... I'm taking my money and leaving before Obama's financial Berlin wall can be put in place to tax away any wealth you plan to leave the country with.....
looks like equity indexes agree with you..........China, next stop?....some special reverse arrangements for legal resident/passport status......with capital to travel

socialist/capitalist bullshit, it is all so confusing, and amazing and fascinating all at the same time..........who appointed bernanke?

one of my favorite films all time..gong li did this in 1994

Inserted Video


and this very recently

Inserted Video


im opinion that is talent, and a story that cuts across cultural/ec/pol/religious boundaries in a pretty impressive way..

it is all a contest and really all about how we play the game, win or loose, i think...

also think your posts are among the best here at FF
  • #2,284
  • Nov 12, 2012 8:29pm Nov 12, 2012 8:29pm
Quoting Crassius
. got one more tranche to fill at 2875.

.
I just closed my last tranche at 2678.... I need to get some sleep and sitting around waiting for 3 more pips is not worth it...

I'll sleep well with no position on tonight....

I don't know where the bottom is... 2670 was my best guess....
  • #2,285
  • Nov 12, 2012 8:30pm Nov 12, 2012 8:30pm
Quoting Crassius
After this election I don't care anymore.... I'm taking my money and leaving before Obama's financial Berlin wall can be put in place to tax away any wealth you plan to leave the country with.....
no saint here, and certainly a thought that has crossed my mind..........thanks for the dialogue
  • #2,286
  • Nov 12, 2012 8:31pm Nov 12, 2012 8:31pm
Quoting roro53
looks like equity indexes agree with you..........China, next stop?....some special reverse arrangements for legal resident/passport status......with capital to travel
I'll check em out... off to bed for me.... Good luck all..
  • #2,287
  • Nov 12, 2012 10:30pm Nov 12, 2012 10:30pm
Monday Report.

This report contains: Econometric, Technical, cyclical fundamental and order flow analysis.

It’s exclusively designed for professional traders.

Made by Gino

(Anyone who wants this report via email, just send me an email to [color=blue][email protected][/color]) I usually post the report at this hour. (10 pm GMT -6)
Guys any doubts or questions will be solved on Weekend. I will make a FAQ with any questions you have.
(Also if I missed any subscriber please let me know ASAP)
Attached File(s)
File Type: pdf 12.11.2012.pdf   816 KB | 172 downloads
  • #2,288
  • Nov 13, 2012 2:21am Nov 13, 2012 2:21am
I am on the sidelines, having booked profit last night, understanding that I may not be at the absolute end of teh move, but that also... I can't call the absolute end...

I will not reenter until I see the correction develop some and get a feel for how its developing....

If you are still short, levels to watch are...

2653
2635
  • #2,289
  • Nov 13, 2012 8:47am Nov 13, 2012 8:47am
Interesting price action today -- very typical of a market struggling to put in a new short term low....

I'm not going to post the charts because it will just confuse people, but the market has either put in a short term low --

I need to see price get above 2740 in a real way, and preferably a close on a daily basis above 2740 to seal the count already posted as complete and now history --

Or I have a second count that looks very much like the one already posted, and it would be too confusing to post it (minor adjustments to adhere to strict Elliott Rules).... that suggests a final low somewhere south of 2615.

In either case, I am already on the sidelines because price is choppy, backfilling, momentum has slowed to a crawl etc, etc, all confirming of my completed five wave's down... all signs that there isn't much left in the tank without a retrace to higher levels first (through my needed 2740) before I can think about putting on some risk.

It is very easy to lose money with Elliott Wave.... there are really only a few places we can safely put on a trade and carry some risk... the trick to banking profits is to limit trades to the easy to predict areas, collect the pips, and then stay out as the sloppy, hard to chart, unpredictable sections of the chart draw out and provide the next area of clarity.
  • #2,290
  • Nov 13, 2012 10:10pm Nov 13, 2012 10:10pm
Tuesday Report: Do you dare to Long?

This report contains: Econometric, Technical, cyclical fundamental and order flow analysis.

It’s exclusively designed for professional traders.

Made by Gino

(Anyone who wants this report via email, just send me an email to [color=blue][email protected][/color]) I usually post the report at this hour. (10 pm GMT -6)

Guys any doubts or questions will be solved on Weekend. I will make a FAQ with any questions you have.

Attached File(s)
File Type: pdf 13.11.2012.pdf   1,001 KB | 178 downloads
  • #2,291
  • Nov 14, 2012 3:54am Nov 14, 2012 3:54am
Quoting Crassius

I need to see price get above 2740 in a real way, and preferably a close on a daily basis above 2740 to seal the count already posted as complete and now history --

.

Mission accomplished...
Attached Image
  • #2,292
  • Nov 14, 2012 6:41am Nov 14, 2012 6:41am
Quoting Crassius
Mission accomplished...

a curve to negotiate here, maybe?


FED MBS Reinvestment Program

http://wallstreetexaminer.com/2012/1...in-next-month/

Takeaway;

"the Fed will cash out the Primary Dealers to the tune of $85 billion this month. That’s the largest monthly amount of market boosting fuel since QE2 in the first half of 2011."
  • #2,293
  • Edited 8:00am Nov 14, 2012 7:59am | Edited 8:00am
Quoting Crassius
Mission accomplished...

Here's the chart to clarify this statement. Until we bested 1.2739, we don't know if the waves (v) in aqua or the wave 5 in silver are complete.

Once we took out 1.2739, we know that wave is complete, and we now look at what price action develops....

If we get an impulsive move in five clean waves, we might start thinking end of trend, at the bottom we just put in, and a new uptrend starting. I don't think equities will allow that, but we have to watch and keep it in mind as a consideration. We don't want to impose our bias on te market, we want the waves to draw out whatever they will.... then act appropriately.

So far I see only corrective active, not impulsive action. As my bias expected, we don't --- at this point --- look to be doing anything other than healthy corrective pattern that will take us to a higher place from which to resume the downtrend..... but its still early.

Corrections are often sloppy affairs with sideways, overlapping action that is tough to trade in.... It needs to to come to a boil.... I wouldn't think of taking a trade until the chart draws out some more clues.

At this point it looks corrective.
Attached Image (click to enlarge)
Click to Enlarge Name: correction.png Size: 22 KB
  • #2,294
  • Nov 14, 2012 8:40am Nov 14, 2012 8:40am
So where are we anyway.... Are we there yet?
Attached Image (click to enlarge)
Click to Enlarge Name: wave 4.png Size: 41 KB
  • #2,295
  • Edited 8:48am Nov 14, 2012 8:45am | Edited 8:48am
For what its worth, my Gann analysis warns of short term trend (up) change to (down) at the 15 minutes bar that just closed. I am still experimenting with Gann so take with agrain of salt.... or two.
  • #2,296
  • Nov 14, 2012 2:49pm Nov 14, 2012 2:49pm
1342 of immediate interest in S&P 500...

1330 of note later
  • #2,297
  • Edited 4:26pm Nov 14, 2012 4:24pm | Edited 4:26pm
I've got a small sized short in play against the FOMC bullshit spike high. Its sized small because its early in the pattern, and I want to be nimble with a tight stop, and add to thetrade as it matures.

Looking for 2650 as the first stop..... lower expected.....

I like to post sometimes to inspire others and show that trading can be done successfully, but I don't like feeling obligated to post an ongoing play by play as people unwisely follow the trade and want position updates....

It is unwise to follow a trader on a public board.

Good luck to you all...
  • #2,298
  • Nov 14, 2012 4:29pm Nov 14, 2012 4:29pm
Quoting Crassius
1342 of immediate interest in S&P 500...

1330 of note later
I will be holding until 1259 minimum, then 1030
http://s16.postimage.org/p2h3s8qvp/image.gif
picture sharing
swing it!
  • #2,299
  • Edited 4:44pm Nov 14, 2012 4:43pm | Edited 4:44pm
Quoting tomspin
I will be holding until 1259 minimum, then 1030
picture sharing
I hope you are patient if you are holding out for that scale of a decline.

I think it is in the cards, but it may come in a long drawn out multi-year bear market. It doesn't have to come in a swoosh, although it may.

We have most likely seen the high for US stocks.... certainly the high in constant dollars.... A constant dollar Dow chart compares the value of the Dow against a basket of commodities to get rid of inflation and survivorship bias. US equities in constant dollars were worth more in 2000 than they are today, or have been since.

We have put in 5 complete waves up in US equities. That means we are in for a correction from the top, and corrections end in the price territory of wave 4.... which for the dow, was all the way back in 1974!
  • #2,300
  • Nov 14, 2012 5:45pm Nov 14, 2012 5:45pm
Quoting Crassius
I hope you are patient if you are holding out for that scale of a decline.

I think it is in the cards, but it may come in a long drawn out multi-year bear market. It doesn't have to come in a swoosh, although it may.

We have most likely seen the high for US stocks.... certainly the high in constant dollars.... A constant dollar Dow chart compares the value of the Dow against a basket of commodities to get rid of inflation and survivorship bias. US equities in constant dollars were worth more in 2000 than they are today, or have been since.

We...
not a multi year my friend, I think about something sudden, more dramatic, 2008 great example, this time much faster perhaps.
totally agree on highs for stocks, cannot see any real pusher in horizon anymore.
1st target is not that far I would say by the time when decisions will be made on fiscall cliff, then maybe bounce back up, a tiny one.
swing it!
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