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Close Dow shorts at 26000 … net -1200pts
A tidy up was needed.
Now how to get that back.
Never give up, never surrender.
Odds are the Dow gaps up on monday … then falls with
an ideal scenario of a negative close.If we do not see a high to low week then it will be a
good time to re visit the chart pattern options.If the Dow exceeds 27000 in this rally then it would
be a pain but I would still hold my Dow short trade
as I am sure it will pay off at some point.Never give up, never surrender.
Good morning from South Korea!
Good to see many of the old hands are still here.
Zarif, Cimac, greetings to you both.
Good morning from South Korea!
Good to see many of the old hands are still here.
Zarif, Cimac, greetings to you both.
Hi hatman
Good to hear from you.
Are you part of the post Brexit trade deal
between the UK and South Korea !Never give up, never surrender.
Well I haven’t had a call from the Korean Government yet. Perhaps I need to remind them that I am an important and valuable import from England!
Watching the action in SPX. For several months I have had targets of SPX 3003 and/or 3040 based on several fib relationships and the concept of a FLAT 4 of C. The recent peak and ABC drop has got me a little confused. I still believe/hope that my target areas will be reached, and now watching for possible rising wedge thing to those targets.
Also watching the Dollar, DXY, EURKRW, USDKRW.
No positions open. Looking to short USDKRW at 1202/1210 if it gets there.
If I am right about a W4 FLAT in C, then SPX should reach 3003 then drop to 2650 to complete a flat with a truncated c wave. That will then complete W4 of C and afterwards looking for SPX 3240 for W5.
If all this comes to pass (hopeful/wishful) then in 2021 looking for a major collapse back to overlap 2100 and possibly as low as 1811.
In extreme long term I think we are in the first stages of a very large rising wedge 5th wave that won’t end until the year 2030/2. Bull markets often end in a rising diagonal, and as this is the end of the bull run from 1906 (or 1932) we can expect a final rising wedge to take many years.
From the SPX 666 low I’m seeing a three wave advance ABC (with the middle B the pause at 2100/1811, now in wave C which should/needs to get to 3240. This large ABC is just wave A of a rising ABCDE wedge in to the years ahead. So for this to be valid the market must drop to overlap wave ‘A’ at 2100 at some point.
Thanks for your analysis hatman.
I agree with your spx eventual 1800 zone target.
How we get there from here is very shrouded in darkness.
Never give up, never surrender.
You still living in the Devon/Cornwall area Cimac? (hope my memory is correct)
Yes, I live in Exeter.
Never give up, never surrender.
US vs China trade wars, like all wars, will not end
even if a deal, for the cameras, are signed.Suspicion and grudges will persist as the two sides
continue to vie for world leader status.Global recession and Credit Crunch II ( in 2020 )
will put strains on world trade as countries
struggle to maintain living standards.Never give up, never surrender.
Some one else has 12th June as a ‘h’ for sp500 based
on performance during the same astro configuration.Let’s see how that prediction fares.
I do not know if the same +/- 2 day window applies
as in sun / moon cycles.Never give up, never surrender.
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