yeppers
Ag Stocks - Wave Count and Technicals Clear
Started by
stubaby
, Mar 06 2011 01:49 PM
14 replies to this topic
#12
diogenes227
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Posted 11 March 2011 - 02:47 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#13
johngeorge
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Posted 17 March 2011 - 11:30 AM
much bigger event as in?
dougie:
Don't know - but "something" in the next 7 to 30 days looks to result in a massive flight to the US Dollar?
stubaby
stubaby
I don't see the flight to the dollar, rather, the opposite happening today. Dollar looks to be falling out of bed if not off a cliff.
Peace
johngeorge
johngeorge
#14
dougie
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Posted 17 March 2011 - 11:55 AM
nice ag charts by the way! time to watch for entry
#15
stubaby
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Posted 19 March 2011 - 06:07 PM
dougie:
I'm looking for a "bottom" around 360 to 410 in GKX sometime in late 2011 (to form "handle" of "cup" already formed). The present "swoon" is only a precursor to the drop that I foresee. Looking for re-valuation of Chinese currency vs the US Dollar sometime before mid-year to cause a US Dollar rally. US Dollar working on 1 of 3 of 3 now down towards 70-75. Bottom of this Wave to equate to top in Commodities. US Dollar Rally to follow would be Wave 2 of 3 and top of Wave 2 probably to correspond with bottom in all commodities late summer or fall. Wave 3 of 3 of US Dollar down towards 65, then Wave 5 to finish Wave 3 near 50.
http://stockcharts.com/c-sc/sc?s=$USD&p=M&st=1990-01-01&en=2013-12-31&i=p54032460112&a=183376214&r=9250.png
OK to trade for now, but IT positions should be avoided IMHO.
stubaby
I'm looking for a "bottom" around 360 to 410 in GKX sometime in late 2011 (to form "handle" of "cup" already formed). The present "swoon" is only a precursor to the drop that I foresee. Looking for re-valuation of Chinese currency vs the US Dollar sometime before mid-year to cause a US Dollar rally. US Dollar working on 1 of 3 of 3 now down towards 70-75. Bottom of this Wave to equate to top in Commodities. US Dollar Rally to follow would be Wave 2 of 3 and top of Wave 2 probably to correspond with bottom in all commodities late summer or fall. Wave 3 of 3 of US Dollar down towards 65, then Wave 5 to finish Wave 3 near 50.
http://stockcharts.com/c-sc/sc?s=$USD&p=M&st=1990-01-01&en=2013-12-31&i=p54032460112&a=183376214&r=9250.png
OK to trade for now, but IT positions should be avoided IMHO.
stubaby
