Starting it off.
Al
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rat89
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interesting area yesterday for a bounce, before likely going lower
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albert
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rat,
Awesome work and great comments. I also will be looking for "a sweet (3) of 3 up" in gold. That could be very interesting.
Al
Awesome work and great comments. I also will be looking for "a sweet (3) of 3 up" in gold. That could be very interesting.
Al
Originally posted by rat89
likely the end of wave (1) of minor 3.....look for a wave (2) pullback and then a sweet (3) of 3 up
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albert
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Originally posted by albert
rat,
Awesome work and great comments. I also will be looking for "a sweet (3) of 3 up" in gold. That could be very interesting.
Al
Originally posted by rat89
likely the end of wave (1) of minor 3.....look for a wave (2) pullback and then a sweet (3) of 3 up
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Click image for original size
Click image for original size
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albert
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I did manage to squeek out a couple of $ paper trading AAPL long this morning.
Al :--)
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Al :--)
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MarcinO
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The larger correction I was hunting for yesterday started this morning.
If it is not done yet, I guess Cable (6B H18) may find support just above 1.3480.
If it is not done yet, I guess Cable (6B H18) may find support just above 1.3480.
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rat89
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right up into the retest area. It could go higher, but the meat on the bone for aapl is short side now from what I see.
Originally posted by albert
I did manage to squeek out a couple of $ paper trading AAPL long this morning.
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Al :--)
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albert
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rat,
That was a quick drop in price.
Al
That was a quick drop in price.
Al
Originally posted by rat89
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rat89
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yes, following the fomc minutes. All the ta at the turns hides out in time to align with "news", so the talking heads have something to explain, and nobody goes hunting for the ta. They don't even believe it when you show it to them.
So, we knew that nem is in a minor 3 move up, and that wave (1) may have completed at 38.30. Hard to be sure until you see action like today, but we had an early drop and then a recovery, and then this drop. Both drops triggered in the .618 rt area. So we are playing short now until wave (2) appears to be over, and for nem I would target the 36.25 area for a .50 rt of wave (1) up. Typically a wave 2 is deeper, to the .618 - .786 area, and can retrace all of wave 1, however the move up was impulsive, so I would be very careful on the short side. Once (2) is over, we will have (3) of 3 up, and it should be explosive.
So, we knew that nem is in a minor 3 move up, and that wave (1) may have completed at 38.30. Hard to be sure until you see action like today, but we had an early drop and then a recovery, and then this drop. Both drops triggered in the .618 rt area. So we are playing short now until wave (2) appears to be over, and for nem I would target the 36.25 area for a .50 rt of wave (1) up. Typically a wave 2 is deeper, to the .618 - .786 area, and can retrace all of wave 1, however the move up was impulsive, so I would be very careful on the short side. Once (2) is over, we will have (3) of 3 up, and it should be explosive.
Originally posted by albert
rat,
That was a quick drop in price.
Al
Originally posted by rat89
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MarcinO
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Nice jump on data. My 'target' (we all know that KT methodology does not include targets, just areas of concern, where one may think of closing a position if price gets there and starts to reverse) levels are 1.3660-70 and 1.3690.
Originally posted by MarcinO
It dropped to 55 and gave reaction. Let's see if upward move sustains Nonfarm Payroll data release at 8:30 EST.