Sep 17, 2014
Update
There is now five waves up from Monday and FOMC is behind us... this could be just wave 1 of 5 but on the other side this is enough for a final wave 5.
Given the indicators a little bit higher will look better, but be very careful here.... with this ugly daily candle we should not see a gap lower tomorrow or it is game over.
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So now that Scotland is out of the way...and Alibaba, too....should we expect a higher high near 2025 before a correction begins....or just what should we watch for the correction to begin???
ReplyDeleteI think the move up is over. The daily candle is ugly reversal candle. The internal structure looks like 5 waves down and 61,8% Fibo retracement.
DeleteMove bellow yesterdays low 2006 and my system will trigger sell signal.
Personally I would trade it this way - if the open on Monday is bellow the close 2010 sell with stop at 2015 above this last minor high.
A lot of signs for a top with no confirmation of course. But with tight stop the risk is not so high and such setups should be traded:)
Almost forgot, ....the Bonds seem to have established a bottom....but I am not sure IF you would agree with that...what is your take ? HAve the Bonds and Notes set at least a temporary bottom?
ReplyDeleteThanks ....Appreciate your hard work....this stuff is never easy!
The forecast for a bottom between 112-113 played out great:)
DeleteOversold oscillators, gap higher and close above the high for the last five days... definitely this should be at least short term bottom.
Hai krasi,1820 8 or 9 oktober?.tq krasi
ReplyDeleteNo, I do not think it will be so fast.... and there is an alternate scenario that this is not the top
DeleteCarnap:
ReplyDeleteSorry picture can´t be seen for somehow. Alternative see
http://chartbuster.wordpress.com/
I have the same suspicion:) something does not feel right. Probably this is only a short term top.
ReplyDeleteThat is why I have not posted today.... I wanted to take a better look at the charts.
Krasi, is the rally in TLT a B-wave rally or a new 5-waver to new highs in your opinion? Thanks. Look forward to your weekly outlook.
ReplyDeleteI do not have intraday charts... from the daily the wave lower looks like an impulse so this should be a B wave and one more leg lower to the next target 110 should be expected.
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