rodin's contrarian EW analysis of gold and excuses for it :cheesy:
DAX looks like could do quick down 50% then up hard to form right shoulder (U have 'head' on yr 1st chart but that is actually shoulder of larger formation)
Tomorrow mebe work on trade design for possible outcomes C ya then😴😴
rodin's contrarian EW analysis of gold and excuses for it :cheesy:
hmmm, so as everyone expected it to go out of business ..all shorted .thus without a buyer in market,,those shares spiked up and moved entire dax with it? now by thursday they will officially announce it and take it out of dax listing...means the hike due to these shares will be nullified or...prices will go down???
sorry if my question is silly. but i would like to knw in depth abt this .my procedure is to analyse step by step influence beginning from "company/commodity" till the result on price move. "implies thoery " i prefer.🙂
thanks
Mair charts to mull over
hey suj i was wondering...i have short now a 1 mini and 1 reg contract the reg contrat i have a buy limit at 714 where the mini i was gonna let ride....do u think i shoould make stop around 739 or keep with the 729.5 stop?
great charts. u got me confused over ftse now.
bearsish in short -term .. n bullish over long term..!! cool
mondays closing will decide the winner of this bull vs bear fight in
1>>dax (a close above 5168 is bulls)
2>>gold(a close below 725 is done n bears win.)
3>>silver likewise
3>>euro charts tells it all.
exciting day coming
yes, let the market decide.My guess is we get a modest fake futures rise (pm), then a steep fall into Wall St open (SM) (maybe also FTSE open) being 50% retrace then a turn move up to what I call the 1/4 kiss level in SM charts. Silver n Gold n Hui may run up more
Then in early 2009 (maybe 1 Jan) SM starts next big leg down and takes gold and silver and HUI with it, but this time SM makes lower low but PM makes higher low confirming that we are in 2002/3 area in both indices
After DOW hits 7x00 we get a right shoulder forming in SM indices but new PM highs into 2010 and beyond
This is my model. We let market decide tho
govt says they are investigating any mkt manipulation
"gold is bearish" >>technical analysis says so..!!
gold might just bluff n give a burst rally up >> my sentimental analysis says so... as u all knw..
i didnt see any bull favouring guy anywhere..inculding myself. monday would be a exciting day.
sometimes u need to do difficult choices in deciding direction of trade. but the good thing is,if u fail u have a tool against it - "stoploss" . 🙂
hope for a melt down at opening itself. 😉
reading up for your info.porsche bt shares thro banks withcash redemption terms for
hedge funds to short .this is only legal in germany as vw shares are two tier.so hedge funds hadto repay in cash.porsche held all the cards and made a lot of money.
there may be a revaluation of vw shares in the week to see if th e current one is
making the mkt too volatile then a decision to remove from dax or not to settle things down.will do some more research during week if you want
UR WISH IS MY COMMAND 😀
the reason for my "medium term sell call is shown "
then the bullish scenario if we get a closing above 5170 .