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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.
trend is still up
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Here is a daily bar chart of the March '12 e-mini futures.
As you can see the market was very calm in January, a big contrast to the
wild volatility of the...
Let’s Short This Bitch
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When I fell out of bed today I looked at the tape and had sort of an
epiphany. We now have ourselves a kick ass shorting opportunity via a
bonafide Scott’s...
COMMENT CLEANER
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Apparently Google is never going to fix the problem with long comment
threads. You can get past the problem by posting a dot, which will take you
to the en...
EURUSD Support and Resistance
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- 50 Day SMA may act as support if price falls towards it.
- 1.3234 is the resistance line.
- Closing outside these levels may give a bigger move ...
The Focus Must Be On The Dollar
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The Focus Must Be On The Dollar
This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher
by 1.50 points to 1321.25 per contract. Once ag...
Teasingly Ambiguous
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It's often tempting to anthropomorphise the markets, whether describing the
movements of the markets, or referring to the dark forces that some feel
are ...
Bank Nifty
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Today Bank Nifty made a high of 10090 ......will bank nifty make a double
top (made high of 10080 on 31/10/11) here after more than 2000 point run up
.
Market Timing Update (2/2/12)
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*[1150am] SPX update - *
In the order of likelihood - The green wave (iv) may still be in progress
(or just ended), OR wave (v) in SPX may be an EDT (even a...
2/2
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Ben Bernanke is putting me to sleep. ZZzzzzzzzzzz
*See the stock market video for 2/1 at the bottom of this page.
*
*Figures on government spending and deb...
Gym, Tan, Laundry
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1.) The gym happens everyday, I own gyms. 2.) I don’t do the tan part
unless we are talking $TAN: 3.) And, the Laundry, my wife keeps me fresh to
death. S...
2/1/12 - EOD Update
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SPX - 5 Min
The bulls hung onto most of the gains today and put in what I believe to be
a third wave. The key question now is what third wave does this ...
02/01/2012 Portfolio Update
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Since SSO daily low is above the entry price and it’s an imaginary pyramid
position so it’s time to close all. For the same reason mentioned in today’s
T...
Wednesday 2/1/12 Market Update
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There is no change to the count from yesterday's update. The move higher
since yesterday's low best resembles a 3rd wave higher. It may be a first
wave if...
Let's Review The Chat Room Calls
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Hello everyone!
Wanted to quickly do a VISUAL review of the setups i was watching and
calling out in the chat room today. If you were in the chat room tod...
Market Sentiment
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It always amazes me how people can go from an extreme to another, and how this can help you find some turning points. I have a friend of mine who lives in It...
wednesday update
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SHORT TERM: market gaps up and kept going, DOW +84 Overnight the Asian
markets gained 0.3%. Europe opened higher and gained 2.1%. US index futures
were hig...
Feb 1
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Just another kick in the face. Strike 4? Daily System still firmly on a buy.
* Market Thoughts and Analysis*
If you like or appreciate my analysis, please a...
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...
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...
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...
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...