10/13/2012 Weekend Update

[knock]

David Halsey posted a scary chart, but it's hard to believe
http://eminiaddict.com/wp-content/uploa ... sh_001.png

I've noticed this for a while. This drawing is not accurate. The top is around 1488, not the QE3 top. Let's relax and enjoy the climax.

[Seawaves]

I also believe there is at least another wave up, and it's cleaer when looking at QQQ and RUT than SPX.
DH is good at price levels but rarely makes prophecy, probably he has figured out the Street is using QE money for shorting this time.

[ZimZeb]

Another weekly installment of "things stolen from Al_Dente."

[ZimZeb]

This drawing is not accurate. The top is around 1488,

1576.09 - 768.63 = 807.46
1474.51 - 666.79 = 807.72

Are you getting 1488 by some other method, or is my arithmetic off?

[nasta]

Jeff Hirsch, Author of the annual Stock Traders Almanac, put out a friendly reminder last week about the final stages of Election years. Historically, Q4 the year of an election and Q1 of the following year represent the second worst two-quarter combination of the entire 4-year cycle.

History Says To Be Careful At The End Of Election Years

[Seawaves]

This drawing is not accurate. The top is around 1488,

1576.09 - 768.63 = 807.46
1474.51 - 666.79 = 807.72

Are you getting 1488 by some other method, or is my arithmetic off?

using parallel lines. see the top ceiling white line in the chart!

[KaZoom]

This LOG scale long-term medianline view of SSEC (Shanghai) suggests a climb to at least next spring.
The wedge should break up and follow the green medianline to at least the blue arrow.

[KeiZai]

Iron ore and etc traders my short-term take on Rio Tinto (price in pound sterling)

The attachment RT13.png is no longer available

Thanks for the Rio chart Keizai!
Sorry to be a dim bulb but do you read your chart that it will go down?

I read an article - perhaps at zero hedge? - that the only thing you needed to track the health of the economy of China (and since the world seems to be banking on then correspondingly the health of the world recovery) was the demand for iron and so a chart of the price of iron was all you need!

Yes I favor C wave down in risk this week because of dollar, but the tricky thing with C-waves is that they are contratrendish and that´s why they use to fail (truncated c) The key to watch this week is definitely dollar...I have prepared trading plan4both scenarios

U are absolutely right with China I posted this chart about Rio last month, that it´s all about china

U can see there nice H&S top pattern but I don´t think will be triggered although I have big P-bar into H&S target area and a bit deeper in very reliable platform

Eurostoxx chart (prior plan one more leg down in risk)

FTSE (secondary plan - in the case of failed C wave down)

[KeiZai]

ssec.png

This LOG scale long-term medianline view of SSEC (Shanghai) suggests a climb to at least next spring.
The wedge should break up and follow the green medianline to at least the blue arrow.

I love this kind of charts, big thanks...Andrew rulez

[KaZoom]

I love this kind of charts, big thanks...Andrew rulez

I find it fascinating when a LOG scale fork is so well respected.
I've also seen LOG fibs turn the trend on long-term charts.

[Al_Dente]

Great charts this weekend THANKS TO ALL
Many charts show support. Some charts are so advanced that understanding them is a supreme challenge
Here is a chart for beginners and intermediates and simple country folks like the dente
GL2all

"What are we doing here, that is the question. And we are blessed in this, that we happen to know the answer.
Yes, in the immense confusion one thing alone is clear. We are waiting for Godot to come.” [Samuel Beckett]

Brubeck: http://www.youtube.com/watch?v=vmDDOFXSgAs

ps BB52x soooooooo glad u r back
ps DR X nice 2 see u. how are yr elders??
ps zimzeb thanks
etc etc

[BullBear52x]

Great charts this weekend THANKS TO ALL
Many charts show support. Some charts are so advanced that understanding them is a supreme challenge
Here is a chart for beginners and intermediates and simple country folks like the dente
GL2all

1014wkndsimple.png

"What are we doing here, that is the question. And we are blessed in this, that we happen to know the answer.
Yes, in the immense confusion one thing alone is clear. We are waiting for Godot to come.” [Samuel Beckett]

Brubeck: http://www.youtube.com/watch?v=vmDDOFXSgAs

ps BB52x soooooooo glad u r back
ps DR X nice 2 see u. how are yr elders??
ps zimzeb thanks
etc etc

LOL Dr. Al, Thanks I never left, I just in different focus

[BullBear52x]

I love this kind of charts, big thanks...Andrew rulez

I find it fascinating when a LOG scale fork is so well respected.
I've also seen LOG fibs turn the trend on long-term charts.

Here is my pick of the day FXI, selling Monday will get a 1-2% head start, early bird extreme counter trend. see CCI and BB% ( classic exhaustion volume ) break out line as support, if fail there it will turn out to be a home run. I am eyeing Monday.

[BullBear52x]

Friday gap run on Tranny throw off Dow theorists to what now? well, here my take on IYT, 1 min. bear flag, 5 and 10 min. looking to 5dma, daily bearish, looking for 5dma for support, if fails there bears will hit the beach. iMHO

[Al_Dente]

Great charts this weekend THANKS TO ALL...blablabla
ps BB52x soooooooo glad u r back...

LOL Dr. Al, Thanks I never left, I just in different focus

hahaha bb focus this: http://www.youtube.com/watch?v=wKJmuViL ... re=related

[BullBear52x]

Here is my SPY and IWM fib targets. not healthy as most will see short term but your guess is good as mine what is behind door number 3 have a great week all.

[BullBear52x]

Great charts this weekend THANKS TO ALL...blablabla
ps BB52x soooooooo glad u r back...

LOL Dr. Al, Thanks I never left, I just in different focus

hahaha bb focus this: http://www.youtube.com/watch?v=wKJmuViL ... re=related

Hmm...gtg

[Al_Dente]

bb try again, she's worth it:
http://www.youtube.com/watch?v=wKJmuViL ... re=related

[kongen]

Oh, yuk! Extreme saccharinity!

[daytradingES]

Great stuff, daytradingES!

Many thanks Clark!