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Actually let me rephrase that CL question. Which one of the two charts look closest to the one you use. I want to make sure I use the one that looks closest to whatever most of you guys are using.
US Dollar/DX: I'm still looking lower for the dollar to complete this 4th wave and the closer we get to $92 the better the chances that the entire 4th wave will complete without any additional bounces. Instead of trying to explain all of the different possibilities let me just say that unless we hit $92.09 there is still a chance we bounce up to maybe $95-$93 before making a final low in this retrace. So bottom line is the deeper the better and if we break $92.09 it's very likely the bottom is in. If not we'll most likely bounce around a bit before putting in a bottom. IMO no matter how we go about putting in this bottom as soon as we do it's back over $100 and most likely at least $105
Please give me some feedback here, just want to make sure most of you guys understand what I'm saying.
US Dollar, these are two post that I made back on 3-16 and IMO we are very close to the bottom of this 4th wave but nothing is every that easy. I'll explain what I mean by that in my next post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111769194&txt2find=dollar
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111764361&txt2find=dollar
Nice chart work, I'm finishing my update this evening but wanted to post my take on the dollar first.,
US Dollar/DX: I'm still looking lower for the dollar to complete this 4th wave and the closer we get to $92 the better the chances that the entire 4th wave will complete without any additional bounces. Instead of trying to explain all of the different possibilities let me just say that unless we hit $92.09 there is still a chance we bounce up to maybe $95-$93 before making a final low in this retrace. So bottom line is the deeper the better and if we break $92.09 it's very likely the bottom is in. If not we'll most likely bounce around a bit before putting in a bottom. IMO no matter how we go about putting in this bottom as soon as we do it's back over $100 and most likely at least $105
Please give me some feedback here, just want to make sure most of you guys understand what I'm saying.
Welcome back buddy, hope you got some peace and quiet while you were away.
US Dollar, these are two post that I made back on 3-16 and IMO we are very close to the bottom of this 4th wave but nothing is every that easy. I'll explain what I mean by that in my next post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111769194&txt2find=dollar
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111764361&txt2find=dollar
Unless anyone is really needing me to start with SPX/ES I'm going to do the energy plays first.
Before I get started I wanted to welcome all the new faces here on EST. If you have any questions please feel free to ask myself or any of the other long time posters here on the EST board.
Good Evening EST
I hope everyone had a good week. I'll be doing my weekly updates tomorrow and will post them on Sunday. I have a feeling that the dollar finding a bottom is going to shake things up a but that may actually be a good thing IMO.
Be safe and have a good weekend.
Check out the daily SPX candle, hummm.......
I had to go pick up my son from school, If I were here I would have answered your question.
We're getting closer and closer to my 2150 call. Going to have to do some chart work this weekend but in a nutshell I'm starting to look for the correction I've been calling for as well. It may just be me but I get the feeling that many traders are getting complacent. I just hope that no one here on the board thinks this market is going to continue higher forever. As a matter of fact I'm going to redo all of my charts in an attempt to get everyone back on the same page. By that I mean at least everyone will know what I'm thinking, agree or not at least you guys will know where I'm coming from.
You can also use UNG as a guide, looking for a move closer to $13.50 before the close.
Added DGAZ $4.80
I've never used them.
If CL is starting the move lower I've been looking for we should see $56 before too long.
ES between 2112-2108 is very important support, break that it's watch out below IMO.
If the dollar does bottom here it would no doubt be good for DWTI.
Check this out, if DX moves down to $92.65 here I'll call a bottom and move my upside target to 105.
My bad, about 6% of my investment account ia APPL so you can see why I'm wanting to add at the bottom.
It's a long way from a new 52 and it's also at a point where it could start it's final leg lower.
Good for you bro
DWTI looking good from my entry at $60.10, good luck.
DWTI looking good from $60.10, still holding DGAZ and looking for a dip into the $2.70's to make the switch. A little bit behind on my colitility plays but holding anyway. Good Luck.
Would you look at NUGT, those $10 entries are looking pretty good right now.
You guys have a good night, hoping to wake up and find the bottom dropped out of oil.
The minimum number I need to see from Nat Gas for me to consider the retrace complete is $2.78 however if we see $3 before we finish the retrace that number will be lower depending on where we top. No matter where this move tops and the retrace ends when it's over I see Nat Gas moving much higher.
Gold should still see higher prices after this brief consolidation period.
I remain short energy.
The markets are finding themselves in a very precarious position. Tettering here between a huge drop and steep run. At the moment thing are favoring the bears hence the volitility positions but a 10-15 point move higher could swing the balance of power back in the bull favor. I will continue to bide my time until the correction is obvious and short the bejesus out of everything in sight.