I thought I might try something different here, and see how it goes. It's quite difficult for me to post a lot to the various topics, especially with charts, since the method I use for posting charts is very cumbersome. Some charts can take me a half hour or more to put together. Since the charts I use for posting are not my 'working' charts, this work is duplicative.

I have various ideas and thoughts here and there about different things, and if I have a 'central clearing area' where I can just put out a sentence or two, pointing to something without doing the work, the members can do what assessment and analysis they want with the ideas, and post charts if they want, preferably to the respective areas they have for that topic. This way it would leave this topic more 'clean'. If you have a question or comment on what I was pointing out you could post that in here.

Let me know if you have any thoughts on this, or anything you think would be helpful/useful. Keep in mind I am not going to just tell you all my best setups in advance, especially if I plan to trade them, as that is not 'what I do' in here, or anywhere. I want to point out things that may need some work, and might go unnoticed otherwise, or are just of interest.

Those 'manipulation rampers' sure are something. Upper area hit, and it looks 'strong'. We'll see. Clue time.

Up...

It would be something if they could move it up from this area. A big clue.

But it isn't over yet...

1.0 ABCD and .447...

quote:

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Originally posted by jimkane

1.0 ABCD and .447...

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This is also the area where Wave 2 completed

Yes, a key factor I always watch, and one of the better gems from Elliott wave. I have found, though, that a strong trend won't get even close to the extreme of wave 2, though, so I also use it as a potential caution flag.

Ready for the 1.618 to 1.902 price projection area... One more line at that 1.128 projection, but this just doesn't want to drop.

In addition to that it's almost the end of the quarter

This will fall under the category of "there are no stupid questions".

If I have labled Wave 1 correctly. The 1.902 falls right at the low of the day.

Sorry if I am taking longer than necessary to grasp this.

Dave

I think the second chart is particularly telling. I agree with the conclusion, this market is nothing more than Euro-yen carry trade on, Euro-yen carry trade off. No balance, no participation, no depth, as I discussed in my last monthly commentary, just leverage/deleverage, risk on/risk off, and that's it. Skynet is totally sentient. How long, like in the movie, until the machines decide to vaporize the useless humans?

http://www.zerohedge.com/article/tale-two-decouplings