-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
20% Off Annual Premium Subscriptions!*
Ends Jan 18... Click Here For More Information
* For new or current subscribers -
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Mayday's Account Talk
- Thread starter mayday
- Start date
350zCommTech
Well-known member
The "sky is falling" trade is alive and well.
mayday
Active member
Something has to give. It's not normal.
mayday
Active member
100% G-fund.
mayday
Active member
JamesE
Member
You think this bloodbath will stop there? I'm not making any bets now.
mayday
Active member
JamesE
You think this bloodbath will stop there? I'm not making any bets now.
Lots of stuff happening in the world that is causing panic in the streets.
These are 4 day old charts. The market is falling quick. I don't know if 1050 will hold.
http://tinyurl.com/2eyo92k
You think this bloodbath will stop there? I'm not making any bets now.
Lots of stuff happening in the world that is causing panic in the streets.
These are 4 day old charts. The market is falling quick. I don't know if 1050 will hold.
http://tinyurl.com/2eyo92k
Last edited:
mayday
Active member
A gap to be filled.
SPX hovering around resitance.
Could be a bouce scary as it may seem.
http://stockcharts.com/charts/gallery.html?spx
SPX hovering around resitance.
Could be a bouce scary as it may seem.
http://stockcharts.com/charts/gallery.html?spx
mayday
Active member
My Strategy Join Our Mailing List Amend Your Profile Privacy Policy Contact Us
Foreign Exchange Solutions
To overcome the challenges of trading overseas, working with NAB could make all the difference. We can assist you to protect your business from fluctuating foreign exchange rates.
Talk to an FX Specialist on 1800 019 215 or visit nab.com.au/tradeoverseas
--------------------------------------------------------------------------------
To view with your web browser — click here.
Dow Watershed
By Colin Twiggs
June 3, 2010 6:00 a.m. ET (8:00 p:m AET)
These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.
Dow Jones Industrial Average
The Dow is at a critical watershed. Having found support at 10000, completion of a bullish divergence on Twiggs Money Flow (13-week) would signal the end of the correction. Failure of support at 9900, however, would warn of a bear market.
US Dollar Index
The US Dollar Index formed a large pennant below 87.5, signaling continuation of the recent advance. Upward breakout would confirm, offering a target of 95*. Failure of support at 85 is unlikely, but would indicate the end of the rally and a test of the lower trend channel.
* Target calculation: 87.5 + ( 87.5 - 80 ) = 95
Gold
Gold closed above short-term resistance at the December 2009 high of $1220, but the breakout is not yet convincing. Wait for retracement that respects the new support level or follow-through above $1240. Reversal below $1200 would warn of weakness, and breakout below $1170 would confirm a a down-swing to primary support at $1060. The long-term target for an advance is $1380*.
* Target calculation: 1220 + ( 1220 - 1060 ) = 1380
Crude Oil
Crude is retracing for another test of primary support at $70. Failure would signal a primary down-trend with a target of 50*. Twiggs Momentum respecting the zero line from below would warn of a bear trend.
* Target calculation: 90 - ( 90 - 70 ) = 50
Euro
The euro formed a bearish pennant above short-term support near $1.22, warning of another down-swing. Downward breakout would confirm, offering a long-term target of parity*. Recovery above $1.27 is unlikely, but would suggest a bear trap.
* Target calculation: 1.25 - ( 1.50 - 1.25 ) = 1.00
UK Pound Sterling
The pound is testing the new resistance level at $1.48. Respect would confirm the medium-term target of $1.38, but bullish divergence on Twiggs Momentum (21-day) favors a reversal.
* Target calculation: 1.48 + ( 1.58 - 1.48 ) = 1.38
Japanese Yen
The dollar is forming a long-term base against the yen, but has yet to show much of an up-trend. Rising Twiggs Momentum confirms the signal. Breakout above ¥95 would signal an advance to ¥100*, while failure of support at ¥88 would warn of further weakness.
* Target calculation: 94 + ( 94 - 88 ) = 100
Australian Dollar
The Aussie dollar is testing the new resistance level at $0.86. Respect would confirm the primary down-trend, with a target of $0.76*, while recovery above $0.86 would warn of a bear trap. A Twiggs Momentum rally that respects the zero line (from below) would confirm the bear trend.
* Target calculation: 0.81 - ( 0.86 - 0.81 ) = 0.76
I have no right, by anything I do or say, to demean a human being in his own eyes. What matters is not what I think of him; it is what he thinks of himself. To undermine a man's self-respect is a sin.
~ Antoine de Saint-Exupery
Customize Your Newsletter Profile
Receive only those newsletters which match your interests.
To customize or cancel your newsletter selection click here.
Foreign Exchange Solutions
To overcome the challenges of trading overseas, working with NAB could make all the difference. We can assist you to protect your business from fluctuating foreign exchange rates.
Talk to an FX Specialist on 1800 019 215 or visit nab.com.au/tradeoverseas
--------------------------------------------------------------------------------
To view with your web browser — click here.
Dow Watershed
By Colin Twiggs
June 3, 2010 6:00 a.m. ET (8:00 p:m AET)
These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.
Dow Jones Industrial Average
The Dow is at a critical watershed. Having found support at 10000, completion of a bullish divergence on Twiggs Money Flow (13-week) would signal the end of the correction. Failure of support at 9900, however, would warn of a bear market.
US Dollar Index
The US Dollar Index formed a large pennant below 87.5, signaling continuation of the recent advance. Upward breakout would confirm, offering a target of 95*. Failure of support at 85 is unlikely, but would indicate the end of the rally and a test of the lower trend channel.
* Target calculation: 87.5 + ( 87.5 - 80 ) = 95
Gold
Gold closed above short-term resistance at the December 2009 high of $1220, but the breakout is not yet convincing. Wait for retracement that respects the new support level or follow-through above $1240. Reversal below $1200 would warn of weakness, and breakout below $1170 would confirm a a down-swing to primary support at $1060. The long-term target for an advance is $1380*.
* Target calculation: 1220 + ( 1220 - 1060 ) = 1380
Crude Oil
Crude is retracing for another test of primary support at $70. Failure would signal a primary down-trend with a target of 50*. Twiggs Momentum respecting the zero line from below would warn of a bear trend.
* Target calculation: 90 - ( 90 - 70 ) = 50
Euro
The euro formed a bearish pennant above short-term support near $1.22, warning of another down-swing. Downward breakout would confirm, offering a long-term target of parity*. Recovery above $1.27 is unlikely, but would suggest a bear trap.
* Target calculation: 1.25 - ( 1.50 - 1.25 ) = 1.00
UK Pound Sterling
The pound is testing the new resistance level at $1.48. Respect would confirm the medium-term target of $1.38, but bullish divergence on Twiggs Momentum (21-day) favors a reversal.
* Target calculation: 1.48 + ( 1.58 - 1.48 ) = 1.38
Japanese Yen
The dollar is forming a long-term base against the yen, but has yet to show much of an up-trend. Rising Twiggs Momentum confirms the signal. Breakout above ¥95 would signal an advance to ¥100*, while failure of support at ¥88 would warn of further weakness.
* Target calculation: 94 + ( 94 - 88 ) = 100
Australian Dollar
The Aussie dollar is testing the new resistance level at $0.86. Respect would confirm the primary down-trend, with a target of $0.76*, while recovery above $0.86 would warn of a bear trap. A Twiggs Momentum rally that respects the zero line (from below) would confirm the bear trend.
* Target calculation: 0.81 - ( 0.86 - 0.81 ) = 0.76
I have no right, by anything I do or say, to demean a human being in his own eyes. What matters is not what I think of him; it is what he thinks of himself. To undermine a man's self-respect is a sin.
~ Antoine de Saint-Exupery
Customize Your Newsletter Profile
Receive only those newsletters which match your interests.
To customize or cancel your newsletter selection click here.
mayday
Active member
Kinda ballsey Mayday, kinda ballsey.
100% in the 'S Fund'.
Yowser.
As long as the market keeps from kicking me down there I'll be fine.
