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Good morning ...
Nice email and spot on.
Europe is much worser yet,
I hope one or other way, one a transformation is possible comming decades,
I don't think you can do what Chinese do ...
Good Luck.
I think the PPT team is orchestrating the last straight line for election ... so maybe a +3600 is likely in October ...
I th
Nice done.
I think Roy and Pugsma also had a very good target hit of highs and lows.
GL and enjoy yr farm live!
Yes,
ao Pugsma & Peter Eliades have these projections.
Only Pugsma is a little bit confusing ... change +/- every 48hr his mind, so his "projections" are sometimes short lived.
Hi Northam,
You made an excellent visualisation of your way of thinking and analysing.
Good work, thx, very useful.
By the way, would be very nice if you could add "statistics" of "validations of your daily/weekly/monthly targets.
Thx
Thx Northam!
Thx Northam!
Hi Northam
1. Do you mean
You Buy SPXS Put Options when SPX is beween 2611.37 and 2702
(or Sell SPXL Put options)
You Sell SPXS Put Options when SPX is between 2847,92 and 2883,91
(or Buy SPXL Put options)
Hence, is the purpose to propose these ranges as good resistance and and support levels?
2. What about 60-SC-2 (2909 - 2938), what is the best resistance level?
2848-2883 OR 2909-2938?
Thx.
Hi Dowdeva
What do you mean,
I am still trying to understand what Northam is doing, maybe I understand 5% of his report, a pity because I assume it contains a lot of info ...
Hi Northam,
Thx
I noted The 60-E-1 & 60-SC-1 are your buy signals for SPXL.
Hence are The 60-E-2 & 60-SC-2 are your buy signals for SPXS?
Thx.
Thx Northam,
I will try to understand.
You are courageous to still buy SPXL in this "higher" positioning of the actual Bounce. Does that mean you see more potential before you would drop to lower values?
Thx.
Goodday Northam.
Only for sharing, not for criticising what you are doing.
And because you share your approach too many.
FYI: David Halsey assumes that a next big dive could be in development based on his methodology (100% confirmed!) with reproducing all crashes from the 1928's.
If interested, DH made this afternoons update video available to everyone. Go to:
1. http://www.eminiaddict.com
2. Click on the “POSTS” field
3. Click on the play icon to watch the video
(market Analysis for Europe Thursday 4/23/20).
4. Click on Launch key levels if you only want to see charts…with no commentary.
I give you underneath remarks of some colleagues ...
"Interesting commentary. I watched the whole thing and will probably need to watch it again. Sounds like the 61.8 test that happened near the close today (that was rejected) mimics some historical dead cat bounces. He’s maybe calling for some limit down movements and probably some circuit breakers too; question is when."
I Thaught to understand, the dive will be postponed or invalidated if ES trades through ES 2821 overnight.
Wanted to share this to show my respect to your work!
Good Night.
Thx Northam.
Maybe it's because English is only my third language.
Would it be possible to give an example of a trade that you did based on what you explain. Without an example I really have a lot of difficulties to follow what/why/how you do it.
I am really impressed in your concise methodology although till now I only understand 3% of it.
Thx for giving a real life example and for your time.
Hi Northam,
For me everything very good, your drawings are readable if enlarged.
Thx very much for the hard ork!
What would help me is to understand your buy's, sell's, "supports", ressistances (next day for the actual Bull Cycle and Bear Cycle).
Example of my uncertainties
SPX = 2972,37.
a) ... confirmed 60-SC-1, ... 3017.66 exceeded, low due Monday 3rd hour.
Q: is that between 2916 ...2939? ...
b) Bull Cycles (SPXL) buy signal is active ...
Q: did you buy or do wait till 2916? or lower?)
c) ... Bear Cycle (SPXS) sell signal active until 60-SC-1 ends ...
Q: did you sell? if not, why?
d) Looking at next week: A Daily D-SC-1 is expected to be confirmed Tuesday at the close and a Weekly W-1 likely Friday at the close ...
Q: does that mean, you wait for a top between 3119 ...3264?
Grts.
Johan
Hi Gratitude,
I like your way of thinking, any new thoughts in pipeline?
Thx and keep well.
Northam,
Thx for the very clear explanation and have still 2 questions
1. We are now in a Bull Market,
I understood you “buy” an SPXL if SPX is between 3322,7 and 3270,70 and “sell” an SPXL if SPX is between 2916,63 and 2946,26.
(I would just do the opposite, maybe I misinterpretate your sell and buy terms?)
2. I work with "FLAGS" with two zones.
Sometimes I see some more down potential before I would buy an SPXL, is there any rule or method that could be used to say take the 60-E-2 or the 60-2 Phase before buying the SPXL?
3. Sometimes I have the impression you make a prediction for the next day. Are you now "bullish" with potential target 3254...3264? (your Daily D-SC-1 and Weekly W-1 projections?).
(I thaught we are still in a kind of ABC-retracement (C just started leading to a potential lower low and afterwards a rebound)
All the rest is very clear and helpful.
Thx
Johan
Thx Glen,
Very much appreciated and spot-on.
I guess this one was the top of a kind of B correction, what would be a likely target for the C drop?
Thx for your expert opinion!
Hi North,
Thx for end of day report,
How do you use the information of your report for setting buy/sell limits?
As I am a little bit lost now for a few days ... as all values lookslike allready reached ...
Thx
Unfortunately genious people are too little celebrated!
I really appreciate your good work!
Thx,
I'm still battling if (V) is reached at 3993 and ((III)) completed
and if so that maybe a ZigZag ((IV)) started (3460 ... 3250 range).
Why is it more likely to continue the uprun and what would be a likely Target and Timing for completing ((III))?
Thx for your export opinion.
Concerning Hurst Cycles
You are right, but David Hickson: "drop postponed..."
Thx,
Nice done and explained.
I thought to understand that OEW is somewhere on 13333xx and see this finishing around +2037
With x further clarification of what ...
Hence they see also major drops as a lot of 4's has to be "defended" ...
Which would be zigzag or which would be a big drop ... is unclear ...
Thx
Thank you very much for the hard work!
1. Chart : Your thight prognosis could be challenging!
Amazing how you can do that? Can I learn that somewhere?
Reflection: I wonder why "the support levels in your chart" differs with "your forecast of "2" as a possible correction above 2856/2893.
Is your message that "2" will maifest maybe next week, but likely in 2...3 weeks time?
2. Real Estate "cracks"? in Miami? ...
I am reading more and more emerging "worrying signals/reports" about Real Estate in Miami, California ... and increasing debt issues ...
eg. https://adventuresincapitalism.com/2019/09/25/miami-real-estate-collapse/
Q: is this true or only to enforce his bearish viewpoint?
Thx for sharing!
To OEW.
a) Is OEW a one person analysis ... nice done!
b) Before the Weekend Report is written:
FOREIGN MARKETS ... (using AAXJ, ..., FEZ, .... as a proxy) ....
COMMODITIES .... (Bonds ..., Crude oil ..., Gold ...
CHARTS: https://stockcharts.com/public/1269446/tenpp
So who is the author of these charts if it is not you?
Grts
Thx:
All clear, only regarding "Gold & other markets, commodities":
Who within the OEW-team is hence analysing underneath?
FOREIGN MARKETS
Asian markets (using AAXJ as a proxy) gained 1.90%.
European markets (using FEZ as a proxy) gained 3.17%.
The DJ World index gained 1.20%, and the NYSE gained 0.74%.
COMMODITIES
Bonds are in a downtrend and lost 1.49%
Crude oil is in a downtrend and gained 3.58%
Gold is in an uptrend and lost 1.60%
GBTC is in a downtrend and gained 1.29%. ...
Thx
Thx to post your thoughts, very useful.
I really appreciate it.
I had following questions ...
a) Why is Gold in an upward trend ... or do you see it one level higher and that there is now only for you a retracement to $1440.
In general, in your weekend report: "Bonds, Crude Oil, GBTC are in a downtrend AND USD, Gold are in an uptrend" is a vision beyond a 3 month time period?
b) I see other trigger points in your pre-analysis then in the weekend report (ST-trend)...
eg: last week: 3070,08; 3011,05; 2932,54; 2874,46; 2796,90 versus
"Short term support is at the 2929 and 2884 pivots. Resistance is at the 2957 and 2984 pivots".
c) In another post you made an excellent visionair statement of the market. Would it be useful for members to get an update as there could be an apocalypse in the near future ... A guess based on yr input:
end III : around "Big Tuesday 2020"?
end V: around "November 3 2020?
Finally, I really admire your calm attitude, some remarks looks like to come from shorters that try to stimulate?/demotivate? the OEW-team!
Really nice work. Gratitude looks like your real Totem-name!
Thx!
Thx.
Could you also add an update of your pre report short term s&p 500 outlook ...
As you did in message 319 and 318 ...
It helps me for prep of coming weeks.
We thought monday and tuesday would be still positive ... however you suggest a negative start ...
We will review our analysis and check if selling monday overseas is an option before wstr opening bell...
Thx.