Posted by ucbarryk on 19th of Nov 2009 at 06:44 am
So as i understand the waves..we break 1100 on the downside..No
more 5 th wave..so now what..short the open? wait for a
bounce..these last few weeks have been taxing...i ve got to go see
my Dr. and change my Meds..btw..Gartman on Bloomberg...
Posted by ucbarryk on 17th of Nov 2009 at 10:07 pm
should that play out...a reversal should be close..the markets
are tick for tick against the currencies..no more longs for me..i
ll just wait this week ..if we do get an upside reversal in the
dollar..i suspect a lot of traders will have their hands on the
mouse..could be quick ..once it starts...usually some
significant event correllates with it..or not..
Posted by ucbarryk on 16th of Nov 2009 at 05:07 pm
which would confirm a dow theory buy signal..i would suppose the
dollar will be disintegrating along with it..at what point does a
weaker dollar, signal significant problems within the u.s.
financial system..? in this last run up in the $spx..there
are two gaps...isn't there a some market axiom about 3 gaps
being a signal of reversal?
Posted by ucbarryk on 16th of Nov 2009 at 03:43 pm
u can use currency crosses ..but i found for me just putting up
three charts FXA, FXE the euro, FXC canandian..works better than
watching UUP...UUP lags the others ..and u can use the dollar index
DXY because it also lags..FXA is very good.. watch them..combine
them with DTO..ERY...
Posted by ucbarryk on 16th of Nov 2009 at 03:20 pm
i use Prophet charts..for my old eyes they work best..i have
T.S. so u line up FXA, FXC, and FXA...when there all running
together..u have a trade..i find FXA is as important as
FXE..IMHO..good trading
gold is strengthening ..and i sense the gap up in the dollar
will get filled..so if your short u could sell the open and reverse
long..i m watching XOM, DTO, XLE..i also am looking to buy ERX..i
guess my question is...would this be just an extension of wave 5
down? if we reverse or does a new pattern develope?
should u not have the currency crosses available to u..use
FXE,FXA,FXC...line them all up and watch how the SPX is in lock
step with the currencies..the UUP and Dollar Index lags the crosses
by a nano second..enough time to get u in or out before the
mob..especially at resistance and support...also important to watch
is DTO-XLE..FXA is an important currency.. as it sometimes leads
the others...good trading..
at 10 05 a.m. this morning..there was a small gap in UUP..these
gaps in UUP each time i ve been watching get filled..great tool to
trade off of..probably won't work in the future..but its working
the last few weeks....
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futures about $spx 1100
Posted by ucbarryk on 19th of Nov 2009 at 06:44 am
So as i understand the waves..we break 1100 on the downside..No more 5 th wave..so now what..short the open? wait for a bounce..these last few weeks have been taxing...i ve got to go see my Dr. and change my Meds..btw..Gartman on Bloomberg...
Bloomberg..just mentioned ..the AUD dollar .tick for tick with stocks
Posted by ucbarryk on 18th of Nov 2009 at 11:41 am
USD AUD cross or FXA
Posted by ucbarryk on 18th of Nov 2009 at 10:03 am
AUD is not part of the u.s. dollar index
EW has called a top in the EURO
Posted by ucbarryk on 17th of Nov 2009 at 10:07 pm
should that play out...a reversal should be close..the markets are tick for tick against the currencies..no more longs for me..i ll just wait this week ..if we do get an upside reversal in the dollar..i suspect a lot of traders will have their hands on the mouse..could be quick ..once it starts...usually some significant event correllates with it..or not..
SRS..Bloomberg never ceases talking down the REITS..about time they gave it up
Posted by ucbarryk on 17th of Nov 2009 at 04:07 pm
SRS..they were buying this all day
Posted by ucbarryk on 17th of Nov 2009 at 04:02 pm
tested its low on 50% lighter volume..then reversed....
Hold overnite SRS..opinion?
Posted by ucbarryk on 17th of Nov 2009 at 03:49 pm
transports..close to making new highs
Posted by ucbarryk on 16th of Nov 2009 at 05:07 pm
which would confirm a dow theory buy signal..i would suppose the dollar will be disintegrating along with it..at what point does a weaker dollar, signal significant problems within the u.s. financial system..? in this last run up in the $spx..there
are two gaps...isn't there a some market axiom about 3 gaps being a signal of reversal?
fxa is the australian dollar
FXA is a good indicator...
Posted by ucbarryk on 16th of Nov 2009 at 03:43 pm
u can use currency crosses ..but i found for me just putting up three charts FXA, FXE the euro, FXC canandian..works better than watching UUP...UUP lags the others ..and u can use the dollar index DXY because it also lags..FXA is very good.. watch them..combine them with DTO..ERY...
FXA is a good indicator...
Posted by ucbarryk on 16th of Nov 2009 at 03:20 pm
i use Prophet charts..for my old eyes they work best..i have T.S. so u line up FXA, FXC, and FXA...when there all running together..u have a trade..i find FXA is as important as FXE..IMHO..good trading
a bear candle in FXA and a pop in the VXX..grasping for straws
Posted by ucbarryk on 16th of Nov 2009 at 02:28 pm
" we support a stronger dollar" ...lies, damn lies...
Posted by ucbarryk on 16th of Nov 2009 at 02:10 pm
BIDU comin off..now Apple
Posted by ucbarryk on 11th of Nov 2009 at 01:32 pm
google comin off
Posted by ucbarryk on 11th of Nov 2009 at 01:26 pm
if not now..when...little Pop in the dollar..
Posted by ucbarryk on 9th of Nov 2009 at 02:20 pm
watching DTO vs ERY
Posted by ucbarryk on 6th of Nov 2009 at 12:41 pm
could be a good day for bulls and bears
Posted by ucbarryk on 3rd of Nov 2009 at 09:04 am
gold is strengthening ..and i sense the gap up in the dollar will get filled..so if your short u could sell the open and reverse long..i m watching XOM, DTO, XLE..i also am looking to buy ERX..i guess my question is...would this be just an extension of wave 5 down? if we reverse or does a new pattern develope?
comments
Posted by ucbarryk on 3rd of Nov 2009 at 08:39 am
anyone going long the open? short?
currency crosses
Posted by ucbarryk on 27th of Oct 2009 at 04:06 pm
should u not have the currency crosses available to u..use FXE,FXA,FXC...line them all up and watch how the SPX is in lock step with the currencies..the UUP and Dollar Index lags the crosses by a nano second..enough time to get u in or out before the mob..especially at resistance and support...also important to watch is DTO-XLE..FXA is an important currency.. as it sometimes leads the others...good trading..
UUP gap
Posted by ucbarryk on 27th of Oct 2009 at 03:38 pm
at 10 05 a.m. this morning..there was a small gap in UUP..these gaps in UUP each time i ve been watching get filled..great tool to trade off of..probably won't work in the future..but its working the last few weeks....