Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Gold & Silver Begin New Advancing Cycle Phase - 6th May 21
Vaccine Economic Boom and Bust - 6th May 21
USDX, Gold Miners: The Lion and the Jackals - 6th May 21
What If You Turn Off Your PC During Windows Update? Stuck on Automatic Repair Nightmare! - 6th May 21
4 Insurance Policies You Should Consider Buying - 6th May 21
Fed Taper Smoke and Mirrors - 5th May 21
Global Economic Recovery 2021 and the Dark Legacies of Smoot-Hawley - 5th May 21
Utility Stocks Continue To Rally – Sending A Warning Signal Yet? - 5th May 21
ROIMAX Trading Platform Review - 5th May 21
Gas and Electricity Price Trends so far in 2021 for the United Kingdom - 5th May 21
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... - 4th May 21
Stock Market SPX Short-term Correction - 4th May 21
Gold & Silver Wait Their Turn to Ride the Inflationary Wave - 4th May 21
Gold Can’t Wait to Fall – Even Without USDX’s Help - 4th May 21
Stock Market Investor Psychology: Here are 2 Rare Traits Now on Display - 4th May 21
Sheffield Peoples Referendum May 6th Local Elections 2021 - Vote for Committee Decision's or Dictatorship - 4th May 21
AlphaLive Brings Out Latest Trading App for Android - 4th May 21
India Covid-19 Apocalypse Heralds Catastrophe for Pakistan & Bangladesh, Covid in Italy August 2019! - 3rd May 21
Why Ryzen PBO Overclock is Better than ALL Core Under Volting - 5950x, 5900x, 5800x, 5600x Despite Benchmarks - 3rd May 21
MMT: Medieval Monetary Theory - 3rd May 21
Magical Flowering Budgies Bird of Paradise Indoor Grape Vine Flying Fun in VR 3D 180 UK - 3rd May 21
Last Chance to GET FREE Money Crypto Mining with Your Desktop PC - 2nd May 21
Will Powell Lull Gold Bulls to Sweet Sleep? - 2nd May 21
Stock Market Enough Consolidation Already! - 2nd May 21
Inflation or Deflation? (Not a silly question…) - 2nd May 21
What Are The Requirements For Applying For A Payday Loan Online? - 2nd May 21
How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part1 - 1st May 21
INDIA COVID APOCALYPSE - 1st May 21
Are Technicals Pointing to New Gold Price Rally? - 1st May 21
US Dollar Index: Subtle Changes, Remarkable Outcomes - 1st May 21
Stock Market Correction Time Window - 30th Apr 21
Stock Market "Fastest Jump Since 2007": How Leveraged Investors are Courting "Doom" - 30th Apr 21
Three Reasons Why Waiting for "Cheaper Silver" Doesn't Make Cents - 30th Apr 21
Want To Invest In US Real Estate Market But Don’t Have The Down Payment? - 30th Apr 21
King Zuckerberg Tech Companies to Set up their own Governments! - 29th Apr 21
Silver Price Enters Acceleration Phase - 29th Apr 21
Financial Stocks Sector Appears Ready To Run Higher - 29th Apr 21
Stock Market Leverage Reaches New All-Time Highs As The Excess Phase Rally Continues - 29th Apr 21
Get Ready for the Fourth U.S. Central Bank - 29th Apr 21
Gold Mining Stock: Were Upswings Just an Exhausting Sprint? - 29th Apr 21
AI Tech Stocks Lead the Bull Market Charge - 28th Apr 21
AMD Ryzen Overclocking Guide - 5900x, 5950x, 5600x PPT, TDC, EDC, How to Best Settings Beyond PBO - 28th Apr 21
Stocks Bear Market / Crash Indicator - 28th Apr 21
No Upsetting the Apple Cart in Stocks or Gold - 28th Apr 21
Is The Covaids Insanity Actually Getting Worse? - 28th Apr 21
Dogecoin to the Moon! The Signs are Everywhere, but few will Heed them - 28th Apr 21
SPX Indicators Flashing Stock Market Caution - 28th Apr 21
Gold Prices – Don’t Get Too Excited - 28th Apr 21
6 Challenges Contract Managers Face When Handling Contractual Agreements - 28th Apr 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Market Update: Da Numbas!

Stock-Markets / Financial Markets Mar 23, 2008 - 04:40 AM GMT

By: Dominick

Stock-Markets S&P - You didn't need to be a bull back in January to buy the exact low in the Socgen situation and we did, and you didn't have to necessarily be long term bullish to do it again this week. All it really took was to be unbiased at the very moment of that low, which is impossible to do if you are dancing from free chatroom to chatroom looking for someone else's trade or idea. Nor can you do it by listening to other services that have been consistently bearish for the last few years.


You can't do it if you have no idea about projections or any indicators to line up with your analysis. What it takes is a group of professional traders waiting for an ending pattern to terminate into a target number they've been using since 2006.

The chart above shows why we were able to buy a bottom this week as we did in January. It says nothing about whether this is a bull or bear market, or anything like that, only a perfect setup for a trade . In an intra-week update we even disclosed that we'd sold out of our long position on Tuesday. The simple reason for that was the market had reached our target at 1333 and, without bias to the longer term direction of the market, we took the money and ran. We woke up to a 1286 low in the overnight trading on Thursday morning – the funny thing is we had a projection for that low to be 1284.

I must admit I wasn't sure if the overnight action should be counted or not, meaning, there was a chance the cash market could go back to tag 1284 after a rally, but maybe not. Nonetheless, we traded it bullishly to the afternoon highs and some kept trading it and some took profits. The one thing we didn't do all week was to be caught short!

If you think last week saw short covering, you really haven't seen anything yet. There's a number not far from here that, if it is taken out to the upside, will trigger a rally I guarantee you will not want to be shorting. But, at the same time, weakness at that area might cause damage to the bull case. Long term readers already know this number because I've been talking about it for a couple of years now. If you are not a member to TTC, there is no excuse for not joining for $129 when you are trading instruments that equal hundreds of thousands, if not millions in the futures markets each day. When trying to catch a low or high, you need the correct atmosphere, not the totally wrong one, and we bring that to you. Don't forget we will be closing the doors to new retail membership this summer, so there's not much time left to join and see if TTC is the right place for you. At $129 for a one month trial, it could be the best investment of your life! Read on for more details about this opportunity.

Commodity Index

One benefit of TTC membership is learning how to successfully trade new markets you have never traded before. Is the commodities index a random market if it's hitting such precise targets? This is just one more example of how many TTC members bought etf's that related to this index and have already made an awesome trade in a market of which they know almost nothing.

Gold
Figuring $1000 was going to be a bull trap, which was consistent with Joe turning short term bearish, gave us this awesome gold trade. Our target has been hit within a fraction of a point!



Soybeans

We've been waiting since the start of the year for a turn in beans while bullish traders bought them up as if they were a cure for cancer. Since the break of the fork gave us the signal it's been limit down days almost every day. Most traders are not told that side of the trade: imagine going long a market in a parabolic move and when it turns down it limits down each day, meaning there's no trading in that market since there are only sellers and anyone that's long cant get out … for days! Ouch!! Of course, if you were short even just one contract, you'd be looking at $18,000 in profit.


Crude Oil

What can stop a runaway train? So far it's the upper channel of this chart. Just like when oil was $50 and we were pounding the table to buy, this last 10 points was an obvious area to sell. We are now watching some important areas to decide the path of the recent decline.

Join TTC

If you're thinking twice about paying for a reliable service, consider what we did this week which shows the bargain TTC members find week in and week out.

So, do you want to learn how to trade short term time frames? Would you like access to next week's charts posted in the weekly forum right now? Ten to twenty big picture charts are posted every weekend. If you feel the resources at TTC could help make you a better trader, don't forget that TTC will be closing its doors to new retail members this year. Institutional traders have become a major part of our membership and we're looking forward to making them our focus.

TTC is not like other forums, and if you're a retail trader/investor looking to improve your trading, you've never seen anything like our proprietary targets, indicators, real-time chat, and open educational discussions. But the only way to get in is to join before the lockout starts - once the doors close to retail members, we'll use a waiting list to accept new members from time to time, perhaps as often as quarterly, but only as often as we're able to accommodate them. Don't get locked out later, join now.

Have a profitable and safe week trading, and remember:
"Unbiased Elliott Wave works!"

By Dominick , a.k.a. Spwaver
www.tradingthecharts.com

This update is provided as general information and is not an investment recommendation. TTC accepts no liability whatsoever for any losses resulting from action taken based on the contents of its charts, commentaries, or price data. Securities and commodities markets involve inherent risk and not all positions are suitable for each individual. Check with your licensed financial advisor or broker prior to taking any action.

Dominick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in