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venzen replied Sep 19, 2013I like Gold since it crashed. It crashed clean and countable and the rebound now seems to be a legitimate structure (not a false bottom as our friend at EWreboot speculated). I will post (over the w/end) the count I started last night. It's textbook ...
EurAnalysis
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venzen replied Sep 19, 2013hi DHT! been reading your and PT's interesting commentary. Man, you know a lot about the bond market and it's relation to the rest. Great information reading your posts. EJ may make that 5th wave to 134.50 and then decline, but I am only observing ...
EurAnalysis
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venzen replied Sep 19, 2013ok, thanks for saying. I see it is making a correction and you have shorted into wave C to the downside (which is a good entry, BTW). Your target also matches the EW target (1.618 extention of wave A to 1.3470) if my count is correct. Hopefully the ...
EurAnalysis
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venzen replied Sep 19, 2013hold on... that's not a 1-2 base in EJ... that's A-B and the wave up is C.... EJ may be done for now. Confirmation will be dropping below the TL connecting the last two minor tops currently around 133.85 Doing that would initiate an insightful ...
EurAnalysis
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venzen replied Sep 19, 2013TP, i think so too. I now scalp XAU and XAG for a living. And one pro-trend position: long GU
EurAnalysis
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venzen replied Sep 19, 2013hi Elite and friends, EJ is now at a major high but not done yet... I've got 134.50 as a target but this wave could easily go beyond. Have a look at the 1-2 base built since the 14th. Now in wave 3 and more upside to come. If this instrument wasn't ...
EurAnalysis
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venzen replied Sep 19, 2013PT, i hope i'm not annoying you with this line of argument. It's a matter of what EW forecasts. I could be wrong. I have included the source for my count (EWreboot) as an inset in the chart. On re-examining I see the TL is actually nearer 1.65 ...
EurAnalysis
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venzen replied Sep 19, 2013i view it as preconceived deception. All the groundwork was "forward guidance" and then they did this. Its daylight robbery - a mass mugging - and by crying wolf they have turned sentiment against them.
EurAnalysis
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venzen replied Sep 19, 2013hi PipTrapper, I have little experience with analysing EU and i hope you understand my intention for saying this: Based on an EW count that is still valid I've got EU going to 1.60 in the coming months - the matching chart for DXY shows it must go ...
EurAnalysis
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venzen replied Sep 19, 2013EJ count update apologies no chart - too busy EJ has put in a new high above the 132.87 May top. I still interpret this as an irregular B wave meaning a C wave of some devastation will follow in due course. However, the B wave is a WXY structure and ...
EurAnalysis
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venzen replied Sep 18, 2013url BOJ board member Kuichi: Sees risk to Japan economy tilted somewhat to downside 1 hour ago | September 19th, 2013 02:26:27 GMT by Eamonn Sheridan | 8 Comments Says: Japan’s economy expected to continue moderate recovery Risk to Japan economy ...
The Club!
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venzen replied Sep 18, 2013hi Delta, I just woke up now and see the Asian session is running the Yen pairs the other way - up. In UJ this appears to be a correction, but EJ may make a new high if it doesn't reverse at 133.10. Whether this is the participants or the BoJ i ...
The Club!
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venzen replied Sep 18, 2013as you peel off to rest - remember the Asian session is going to react to the news in ~3hrs.
The Club!
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venzen replied Sep 18, 2013"fool me once... er, it means I can't be fooled!" playing crywolf never works out well. Prechter (orone of his analysts) makes the point that the Fed think that it is they who control the markets. They walk the walk and talk the talk. To some extent ...
The Club!
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venzen replied Sep 18, 2013i think his own personal boner comes from looking at the equities spike up - but what he doesn't know is that those are diverging so hard at all TFs that a blood-draining reversal is pretty much guaranteed!
The Club!
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venzen replied Sep 18, 2013yeah!
i bet each of us somedays feel like we make connection with our "inner Coyote"The Club!