tag:blogger.com,1999:blog-4363707944748952823.post279009617434778522..comments2024-03-29T05:07:18.851+01:00Comments on practical technical analysis: UpdateKrasihttp://www.blogger.com/profile/07425885123775585052noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-4363707944748952823.post-83634438645447239222018-04-06T14:43:11.437+02:002018-04-06T14:43:11.437+02:00Payrolls weak but revisions strong . More whipsaw....Payrolls weak but revisions strong . More whipsaw...<br /><br />As you say , tech is the tell..<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-60897208379666348152018-04-06T14:26:45.590+02:002018-04-06T14:26:45.590+02:00I am just guessing too:) but I think I know we are...I am just guessing too:) but I think I know we are close to intermediate term low.<br />I expect the low to be tested too, looking at the weekly histogram I do not think we will see a rocket launch. <br />And today I was digging deeper the tech sector(single shares) because it was lagging seriously yesterday a red flag.... to be honest for the FANG stocks we should see a lower low for a finished pattern. This means NDX should make one more lower low and SP500/DJ??? Today will be important day to confirm or negate reversal.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-55679390035856043802018-04-06T13:35:40.070+02:002018-04-06T13:35:40.070+02:00Real news today will be the payrolls . A strong nu...Real news today will be the payrolls . A strong number there that follows the ADP could see a double whammy . Would still prefer to see a test of the lows , but the pattern is beyond me .I'll leave that to you Krasi!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-69088314212381439582018-04-06T11:25:38.802+02:002018-04-06T11:25:38.802+02:00Tech sector looks weak and the FANG stocks I would...Tech sector looks weak and the FANG stocks I would say one more low for finished pattern will look better.<br />Interesting.... one more low for the FANG/NDX? For the major Indexes too or just deep retracement?Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-23225077767879195052018-04-06T09:29:40.001+02:002018-04-06T09:29:40.001+02:00For a reversal we need need confirmation and this ...For a reversal we need need confirmation and this is one more high for a finished impulse with target around 2700. So far we have 1-2-3, w4 the futures already down, now we need one more high.<br /> Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-4741836551889526972018-04-06T09:09:11.955+02:002018-04-06T09:09:11.955+02:00Morning Krasi!
Thx for your answers :-)
Is the m...Morning Krasi! <br />Thx for your answers :-) <br />Is the market holds, what is the target for w5? Is that the waves of ii of 3? A chart would have been paradise, but will gladly wait for tomorrow’s update :-) good luck and thx for your work! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-63765122324855418832018-04-06T06:03:50.429+02:002018-04-06T06:03:50.429+02:00I hope you're right :) i think futures traders...I hope you're right :) i think futures traders are probably too scared to sell the market too hard at the moment until cash markets open tomorrow because of how badly they got hurt jumping the gun on Wednesday...so tomorrow AM will be key, and we also have jobs #s to consider, but normally trades up on that data no matter whatJohn Doehttps://www.blogger.com/profile/17450188696913407859noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-75170283203375761792018-04-06T05:57:10.616+02:002018-04-06T05:57:10.616+02:00Yesterday I was to lazy to post a chart:) it looks...Yesterday I was to lazy to post a chart:) it looks like 1-2-3 higher is running and wave 4 is expected. Currently the markets are where the low of w4 should be. If we see the markets recover we have a confirmation for an impulse. If not we will look for another pattern.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-17203771636257415062018-04-06T05:52:11.171+02:002018-04-06T05:52:11.171+02:00I'm sure you all saw the news...this was the n...I'm sure you all saw the news...this was the next BIG risk, it's a huge threat to everything, and IF the market can brush this off and trade higher tomorrow, we're all cleared for takeoff: https://www.zerohedge.com/news/2018-04-05/futures-tumble-after-trump-orders-ustr-consider-another-100-billion-china-tariffsJohn Doehttps://www.blogger.com/profile/17450188696913407859noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-14855571503245645132018-04-06T05:31:20.565+02:002018-04-06T05:31:20.565+02:00Nothing pullback.Nothing pullback.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-5799395079818546972018-04-06T02:30:26.842+02:002018-04-06T02:30:26.842+02:00Index futures sharply goes down after the market w...Index futures sharply goes down after the market was closed. What does that mean? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-54501257590904219522018-04-05T21:29:48.071+02:002018-04-05T21:29:48.071+02:00First 2690-2700 then pullback after that 2800 come...First 2690-2700 then pullback after that 2800 comes.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-51455235668093470322018-04-05T20:43:15.315+02:002018-04-05T20:43:15.315+02:00Krasi your thoughts on spx 2750Krasi your thoughts on spx 2750louis lombardihttps://www.blogger.com/profile/10866275342122214699noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-85572069223220906532018-04-05T16:32:37.181+02:002018-04-05T16:32:37.181+02:00Because cycles, the indicators and market breadth ...Because cycles, the indicators and market breadth point rather to intermediate term low than a pause and continuation lower. Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-71234436377271835242018-04-05T15:51:46.629+02:002018-04-05T15:51:46.629+02:00Any reasons why this scenario is less likely to ha...Any reasons why this scenario is less likely to happen as compared to your base case? ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-20108309295067791792018-04-05T11:28:37.468+02:002018-04-05T11:28:37.468+02:00If this plays out this will be ii of 3 and not C a...If this plays out this will be ii of 3 and not C any more.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-30467245449634979442018-04-05T11:23:25.970+02:002018-04-05T11:23:25.970+02:00At the moment an impulse is not well visible. If i...At the moment an impulse is not well visible. If it is an impulse I expect it to make a high around MA200 hourly and MA50 daily around the 2700 area +-10 points.<br />Intermediate term I expect around 2800-2820 end of April. I have the suspicion that this is not waves IV/V, but I will think about that in a few weeks. First to see how April develops then we should know if the top is in or to expect new ATH. Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-80066571460908124652018-04-05T11:16:32.695+02:002018-04-05T11:16:32.695+02:00Thanks Krasi for the update. What's the likel...Thanks Krasi for the update. What's the likelihood that we are seeing the 1 of C from the recnt decline ie the ongoing rebound is 2 of C and that spx would not hit 2800 level. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-44188163000260745922018-04-05T11:15:19.710+02:002018-04-05T11:15:19.710+02:00I can not see an expanded flat. Turning date does ...I can not see an expanded flat. Turning date does not give you how big the move will be. I see wave 1 in a day or two then w2 so it is not a problem to see a decline with higher low.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-37290392385518428732018-04-05T10:24:13.187+02:002018-04-05T10:24:13.187+02:00Also, a move to around 2694 would still allow for ...Also, a move to around 2694 would still allow for an expanded flat, which would revisit the low seen monday, don’t you think? <br />Willem from prognosis might update his promisinng turn days calender tool too :-) expanded flat fits quite well with his predictions. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-21336046675748034022018-04-05T09:48:31.403+02:002018-04-05T09:48:31.403+02:00*if the market does NOT hold yesterday’s gains*if the market does NOT hold yesterday’s gainsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-45922923074859355072018-04-05T09:41:19.684+02:002018-04-05T09:41:19.684+02:00Hi Krasi!
Your comments yesterday morning made me ...Hi Krasi!<br />Your comments yesterday morning made me smile, because you put words on my thoughts, a last puke would have been the cherry on the cake :-) but it’s not as markets behave, always trying to inflict pain. Anyway, glad you’re long, so am I and i hope most people here! <br />Now, do you have by any chance any short term level, or is it still the case that we need to see more to know the pattern emerging in the next month. We’ve got daily MA50 at 2717, a level to enter a little short term downside punt? I guess today is really important, if the market does hold yesterday’s gains, we might have that last lower low for ED. Otherwise medium term target of 2830s or new ATH by may? <br />Thx and good luck!! <br />DanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-62553708546036570162018-04-05T05:43:05.151+02:002018-04-05T05:43:05.151+02:00Thank you Krasi for teaching a man how to fish! :)...Thank you Krasi for teaching a man how to fish! :)John Doehttps://www.blogger.com/profile/17450188696913407859noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-61260887160838878192018-04-05T05:29:25.665+02:002018-04-05T05:29:25.665+02:00Yes, the next short term cycle high is in 2-3 week...Yes, the next short term cycle high is in 2-3 weeks.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-35006949217191040252018-04-05T05:15:04.379+02:002018-04-05T05:15:04.379+02:00I trade usually the pattern not levels. The patter...I trade usually the pattern not levels. The pattern was looking mature and days away to be finished. This was confirmed from indicators,market breadth and cycles so I was buying every sell off since last week... although I knew the low will be most likely this week:)<br />Short term cycles say 2-3 weeks higher. Intermediate term cycles says 40 week cycle low so 2 months higher will not be a surprise.<br />So I will buy every corrective move lower in the next 2 weeks and the end of April the next short term cycle high I will see how the pattern looks like. If it is not so strong I will take profits. If it is strong just 20%-30% to secure some profits.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.com