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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.
NIFTY Futures weekly chart
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- Nifty futures weekly chart hits previous support level which might act
as resistance.
- It's an up trending market. So going short is advisable...
Anecdote !
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Here is a little anecdote before I leave home and head to work. This year, winter in Paris has been exceptionally warm . We had until the end of January temp...
Is There A Social Media ETF? SOCL
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If you want a piece of this social media bubble, look no further than
$SOCL, The Global X Social Media Index fund. SOCL, which launched in
November 2011, j...
Interesting Probabilities Surrounding Payrolls
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Will the beginning of the “anticipated” correction come tomorrow? The Nonfarm Payroll report is often a market mover and I expect to see much of the same tom...
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 toda...
02/02/2012 Portfolio Update
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UCO stopped out with losses.
Since SCO daily low is above the entry price, so set the stop loss to
breakeven and out half.
For now I think always out h...
Thursday 2/2/12 Market Update
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There is no change to the count from yesterday's update, but the near wave
crossing today brings some question to the short term action. The alternate
cou...
2/2/12 - EOD Update
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Not much to add to today's action. The primary is still looking for a wave
5 to complete near term and that would cap the end of a 3rd wave.
SPX - 5 Min...
thursday update
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SHORT TERM: consolidation day, DOW -11 Overnight the Asian markets gained
1.0%. European markets opened lower, but gained 0.3%. US index futures were
sligh...
The Pro Traders View: TLT, FXY, JPM, & More
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The Pro Traders View: TLT, FXY, JPM, & More
Our Chief Market Strategists have dominated the markets in 2011, and their
members reaped the rewards in the ...
FSLR 35-50 Feb / Mar trading channel…
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TweetLikeTweetTWEET the post!!! Thanks. I like “playing” the market as I
get to bring a pair of loaded dice to the game and nobody EVER calls me on
it! rof...
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...
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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*[EOD] Stocks - *
See 2nd chart below.
*[1250am] SPX update - *
Follow up to the 1150am update. See chart.
*[1150am] SPX update - *
In the order of likel...
2/2 Stock Market Video
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*Portuguese banks BCP and Banco Espirito de Santo are expected to post
record losses on Friday due to the transference of pension funds to the
state and ex...
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...