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The content on this site is provided as information only and should not be taken as an investment advice. This site's content shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author and are for entertainment purposes only. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of the author.
I have been trading stocks since 2008 and options since 2009. I developed an interest in stock market from my mom, who has been trading in India since 1992. I have a day job and I primarily trade for fun. My interests are technical analysis and trading options. I primarily use support and resistance levels, fibonacci retracement levels, MACD and RSI as my trading tools. To me, Elliot waves are good to explain past market movements but they are not as good in predicting future market direction.
Clues I got clues
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Interesting thing happened today… we tried to go down, and reversed
painting a hammer candle, which as we all know is bullish. Now we are at
major trendlin...
Important Questions for YM, ES, NQ & TF
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Further to my post of January 28th, which focused on Weekly charts, I'll take a closer look at near-term support and resistance levels on the shorter Daily t...
NIFTY Chart Analysis
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- Hanging man has managed to stop bulls from crossing 200 SMA.
- But price has to fall below 5 Day Low EMA or 10 Day EMA for triggering
a sell.
...
01/30/2012 Portfolio Update
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TMF buy order filled today.
The system will try to long SPX tomorrow. Set SSO buy stop at $50.75, stop
loss around $48.53, about 230 shares.
[Read the R...
1/30/12 - EOD Update
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I knew I should have left well alone when I posted the bullish 5 min chart
yesterday. The bearish option I added to Friday's EOD post played out
almost n...
Monday 1/30/12 Market Update
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[image: Link]
There is no change to the count since Friday's update, but the primary
count is now a lower probability. The market made a nice move down toda...
Elliott Wave Update ~ 30 January 2012 [Update 5PM]
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Update 5PM: An updated TLT chart. I am longer-term bearish on TLT. But it
may need to finish up a wave 5 high first. There could be a [w]-[x]-[y]
structur...
Market Astrology: Silver Strategy
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The following is an small excerpt from last weeks (1/21) Astrology Traders
newsletter by Karen Starich. If you find this information useful and would
lik...
monday update
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SHORT TERM: market gaps down then rebounds, DOW -7 Overnight the Asian
markets were lower losing 1.3%. Europe opened lower and lost 1.2%. US index
futures ...
Bulls Given Mercy
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Today seems like a day of mercy by the bears, a chance for longs to get out
before the rug is pulled out from under them. My portfolio ends the day in
posi...
WLP short at 67, next few days, here’s why!!!
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TweetLikeTweetvisit annamall’s site click here visit springhilljack’s site
click here visit slope of hope’s site, hosted by Tim Knight. click here
WLP- fir...
Guesstimates on January 30, 2012
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*March S&P E-mini Futures: *Today's day session range estimate is
1296-1308. A drop of 40-50 points is underway. The longer term trend is
upward. A rally...
Market Timing Update (1/30/12)
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*[EOD] Stocks - *
SPX is making all the right turns for a bearish LD or 1/2/[i]/[ii] decline.
Recovering above last Friday's high will confirm a corrective ...
Cautiously Bearish
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This retracement on equities isn't breaking any speed records so far, and
probably won't. However it looks encouraging and I thinks there's a decent
chan...
1/30
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The video is posted below. Please help out with a donation today. I am
working on responding to me emails. It takes me a long time, because I get
a lot of ...
Banks Bullish, Nikkei Bearish, Bond to Cash
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Mixed bag of new signals taking effect on Monday's open of trading:
- bullish for the *BKX U.S. Bank Index* (this based on bullish positioning
in the *thre...
ARGUING WITH THE MARKET
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I figured out early in my career that arguing with the market more often
than not ends up costing one money. If you are one of those people who are
unable ...
Long Term Technicals and Macro
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As much as I like and use Elliott Wave (and I do), it is not my 'primary'
analysis method. Readers of this site know that I perform macro analysis as
well ...
Kinda flaky
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[image: latest addition] First Wave's Charts&Chat log • January 25,
2011
TOS chat. Kind of a flaky start tonight, but what a session once it got
goin...
Highs | Lows and Fed Days
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Major market indices closed at multi-month highs on January 25, 2011 (FOMC
announcement session), followed by a (small) pullback on the then following
(yes...
Dow :Rising wedge
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Dow is forming a rising wedge on daily charts ...this pattern could take
another 2-3 weeks to get completed at around 12700 levels.
Subscription Policy
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Welcome to all subscribers and would be subscribers. You have two
subscription options a single month trial for $100, or a quarterly
subscription for $250/...
You Are Part Of The Herd
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I have a philosophy about life that everyone I meet has something to teach
me. From the panhandler to the successful entrepreneur it doesn't matter -
I kno...
Additional ...
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To complete the previous post, it may be a good idea to show the reasoning
behind our exit around 1200.
The following is my projection from August 12, 20...
EWI’s secret count
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Last week Steven Hochberg, of EWI, removed labels from his Short Term
Update (STU) because…. well because… His Elliott Wave Analysis has not been
working s...
Update...
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Not much progress has been made in either direction the past few days.
Either the bears take over soon or the bulls will drive this much much
higher. The...
Wave (c) Down
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Today’s late-afternoon decline indicates that wave (c) down has begun.
Minor 4 is unfolding as either an expanded flat or triangle, which we will
be able t...
ALERT!!!
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I have a new blog site up. This new blog site is better than this one.
Click on the following link to access it, www.dailymarketaction.weebly.com.
There are...
Another Crazy OPX Friday TGIF
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Well all I can say is this hs been one crazy week! I am so glad it’s Friday
I can’t even tell you…..:-) I am going to make this short and sweet, as I
expec...
ANOTHER CONFIRMATION MET
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This morning the miners met one more confirmation that needed to happen.
The point and figure chart has now turned bullish.
That's just one more tally tha...
SPX -FOREX
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First off I have been playing FOREX EUR/USD reason why I haven't posted
much about the SPX... So I would like to give a quick update on the SPX and
then an...
Kickoff! – Nov. 19
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Minute Degree Tops are usually Structures; bottoms are usually Spikes. A
Top in process will take days to form and can seem to take forever for a
Swing Tra...
Welcome to MarketTimingCycles.com
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Welcome to MarketTimingCycles.com blog space. MarketTimingCycles.com is a
publisher and publishes analyses and reports providing information on
selected se...