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Does Market even care what Yell-in has to say today?

Watching Gold and EUR$

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#1 SemiBizz

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Posted 10 April 2017 - 07:59 AM

Well they have gold all marked up here to this 1251 pivot area...

 

In hopes of some mutterings from the F'eds to support more QE rumors to float gold a little longer...

 

But I'm watching this EUR$ at the edge of the cliff here...

 

If gold holds this 1251 in the face of same old - same old "we're going to raise rates, please believe us" from the F'eds...

 

And the Eur0 keeps doing what it's doing...

 

We'll know both are trading on another mission.

 

 

 


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#2 K Wave

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Posted 10 April 2017 - 08:21 AM

Index futures building one helluva wedgie here...

 

Bears have used up a lot of their time capital...if they do not act aggressively VERY soon, bulls likely to take the ball back....


Edited by K Wave, 10 April 2017 - 08:21 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 SemiBizz

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Posted 10 April 2017 - 08:36 AM

There's a lot of "holding price into earnings" going on here...


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#4 SemiBizz

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Posted 10 April 2017 - 08:42 AM

I think they will run Nasdaq up to 5912 here, because they can, no volume to stop it...

 

Printing presses not even in turbo mode for this...


Price and Volume Forensics Specialist

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Volume is the only vote that matters... the ultimate sentiment poll.

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#5 Geomean

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Posted 10 April 2017 - 09:34 AM

The hourly chart in ESM17 just completed a TDSEQh12 at 9:30CDT, and if it closes above 2352.25 at 10:30 CDT the exhaustion 13 count sell signal will print.  EURUSD just completed a TDSEQ13 hourly buy signal and will print a TD TDSEQ set up 9 buy signal in the daily chart today, so odds favor at least a bounce in EURUSD.  Gold has  hit a cycle pivot time, and should chop, chop, chop for the rest of the year, with a down bias.


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#6 SemiBizz

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Posted 10 April 2017 - 10:08 AM

Yes, but inquiring minds want to know... Has Elvis Left the Building?

 

58eb9f0dec794_nas041017dtrumprallychanne


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#7 Geomean

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Posted 10 April 2017 - 10:34 AM

My best guess is that the 20 week cycle low probably hit on 3/27.  Failure to reach a new high would alter the count of most Elliottians I follow, including Elliott Wave International's.  Those markers favor the odds of new highs ahead in SPX (after a dip this week)

 

 A low below 3/27 would likely move the 20 week cycle low in a Hurst analysis, and the 3/27 low fits the 92TD +-1.5TD  (H-L) cycle that Stan Harley tracks.  .382 and .618 of 92 TD from the 3/27 low would place the high in May.

 

BTW, that TDSEQh13 did print, and ESM17 bounced off the .707 retrace from the 4/5 high.


Edited by Geomean, 10 April 2017 - 10:37 AM.

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#8 qqqqtrdr

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Posted 10 April 2017 - 10:40 AM

Volume is low today......  Probably a little buying, but not a lot of selling....  My guess is that we will be waiting awhile before take off...    Higher gas prices should have an upward effect on the market this week, but the upward affects have been more and more muted over the last few weeks of positive news.

 

Barry



#9 SemiBizz

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Posted 10 April 2017 - 10:40 AM

SOXX failed to ignite this morning...

 

Now we're testing 990.

 

It's all on lighter volume though, normally "corrective"


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 alexnewbee

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Posted 10 April 2017 - 10:40 AM

nice move, eh? :)

 

I am looking for a low (ST) at 20th of April


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