Nordic's Account Talk

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Re: Elliott Wave Update

FAB1 said:
More like ATLAS. The big dude that holds up the whole planet. :D

I have the same mind as you, not really bearish, just looking for a better entry point as I feel one is coming around the corner.
Click to expand...


Exactly, bring it on. This is one impressive rally, but let the sucker breathe once in ahwile :sick: There I go again trying to force the market into doing something, hard lesson for me to learn.
 
Bearilicious

"Yet within this massive rally, we propose that an even larger trend (bear market social mood) is working to eventually win out over the still flaming optimism that exists in the world today. This optimism exists despite the "box" the Central Banks have found themselves in. Despite the massive credit bubble the world is in. Despite everything, the effects of a 220 year+ Grand Super-cycle wave III has a 20+ year "top". That top is so big we fail to see it as we live in it day to day. But a Grand top it is."

http://danericselliottwaves.blogspot.com/


Damn, this sucks....I've missed all the February gains to this point expecting that imminent pullback. Where oh where is my inner bull...
 
Re: Bearilicious

Don't fear. Theres still hope for you to make a whole % this month, but you have to act now. Put in that IFT.

Nordic said:
"Yet within this massive rally, we propose that an even larger trend (bear market social mood) is working to eventually win out over the still flaming optimism that exists in the world today. This optimism exists despite the "box" the Central Banks have found themselves in. Despite the massive credit bubble the world is in. Despite everything, the effects of a 220 year+ Grand Super-cycle wave III has a 20+ year "top". That top is so big we fail to see it as we live in it day to day. But a Grand top it is."

http://danericselliottwaves.blogspot.com/


Damn, this sucks....I've missed all the February gains to this point expecting that imminent pullback. Where oh where is my inner bull...
Click to expand...
 
dollar breakdown

"Bottom Line: The Dollar Index has broken down through important long-term rising trend line support. A similar breakdown in November proved to be a of no consequence, but technical indicators are less favorable this time around, so we should expect the decline to continue longer-term, although, a short-term snapback toward the line would be a normal technical reaction."

http://blogs.decisionpoint.com/chart_spotlight/2011/03/dollar-index-breaking-down-again.html


This is the main reason I went in 100% I fund earlier this week, but we'll see how the markets react to the continuing BS in the Middle East.
 
I'm in the I fund for the same reason. Since my IFT on Feb 11, the returns on the equity funds are:

I fund +1.46%
S fund -0.09%
C fund -0.46%
 
pokerstar629 said:
I'm in the I fund for the same reason. Since my IFT on Feb 11, the returns on the equity funds are:

I fund +1.46%
S fund -0.09%
C fund -0.46%
Click to expand...

I was a little hesitant at first since the dollar was also approaching that main support line with the potential of bouncing up, but I read enough articles that were indicating an increased probability of the dollar falling past the main support line, I thought it was worth a shot at going all in. We shall see...
 
down the tubes

Thoughts and prayers for Japan.

Well, so much for my I fund plan...my freakin crystal ball failed to inform me of this nightmare unfolding on the Ring of Fire. At this point, I just might have to keep the blinders on and not even look at returns for awhile. Last year I made the mistake of locking in losses at the wrong time, and I'm really hesitant to do the same thing here...will just have to lie in my I fund bed for awhile and enjoy it.

Same decision as always during times like these...get out now to avoid possible further pain and lock in losses? Or stay invested at the risk of further downside and hope to recoup the losses? The stubborn Swede in me is refusing to lock in losses this time around. Time to go fishin' for awhile folks. Where are my twin Yamaha 250s when I need them.
 
The I fund will treat you better as investors realize that the BRIC countries are still intact and will need imports from the I fund countries - just DCA these lows.
 
So, are you saying... since I am not sure I can even create one of those charts... that the DJIA EMA(20) has gone below the EMA(50) heading towards a plunge below the EMA(200)... :worried:

I am not even sure if that made sense... :nuts:
 
RealMoneyIssues said:
So, are you saying... since I am not sure I can even create one of those charts... that the DJIA EMA(20) has gone below the EMA(50) heading towards a plunge below the EMA(200)... :worried:

I am not even sure if that made sense... :nuts:
Click to expand...

Only that it's possible it may continue below the 200 EMA. I think the 20EMA moving below the 50EMA is more indicitative of a trend change overall, but Swenlin is just pointing out that the nasty crashes we experience are usually preceeded by technical indicators we should be able to recognize in advance. Unless you're a Birchtree and try to ride everything out! ;)
 
Nordic said:
Only that it's possible it may continue below the 200 EMA. I think the 20EMA moving below the 50EMA is more indicitative of a trend change overall, but Swenlin is just pointing out that the nasty crashes we experience are usually preceeded by technical indicators we should be able to recognize in advance. Unless you're a Birchtree and try to ride everything out! ;)
Click to expand...

Except I am in S at a loss and need to ride it through or jump out and hope to catch it on the upswing (like I could time THAT right...). :sick:
 
RealMoneyIssues said:
Except I am in S at a loss and need to ride it through or jump out and hope to catch it on the upswing (like I could time THAT right...). :sick:
Click to expand...

Right, and in my mind that's the real challenge....being able to recognize when the markets will go down further, and get out while the getting is good to limit losses, before the next upswing. This recent volatility has a way of testing one's patience. :suspicious:
 
Nordic said:
Right, and in my mind that's the real challenge....being able to recognize when the markets will go down further, and get out while the getting is good to limit losses, before the next upswing. This recent volatility has a way of testing one's patience. :suspicious:
Click to expand...

So does making trades based on end of day prices 8 hours before the prices are available... :worried:
 
after QE2?

"I am not ready to use the "R" word, but Muddle Through could show up with a true vengeance this summer, with higher inflation and slower growth. I lived through the ’70s, and frankly, I would just as soon not go see that movie again.

The danger here is that the Fed (Bernanke) watches the economy slow and decides we need another round of quantitative easing. I have resisted that idea but, as I have noted, sometimes we need to think about the unthinkable."

http://seekingalpha.com/article/259141-what-happens-when-qe2-ends?source=yahoo

The Bernanke strikes again.
 
Re: remain cautious

RealMoneyIssues said:
Translation? :D or link to one... sorry, I am trying to figure all this out. :)
Click to expand...

Daneric is using the Elliott Wave counts to predict the next levels for the S&P500 (SPX). Currently he's looking at a continuation of the {iv} upwave to the 1315 level approximately, before falling again (substantially!) to complete the fifth wave {v} of this count. I look at this website occassionally for clues on larger trend changes that might be coming.

This is the link to the website, where he has the Elliott Wave rules and definitions, as well as his daily blog. Definitely worth checking out and adding to your tool kit. Keep in mind the specific counts change and are adjusted all the time, but you'll notice the wave patterns falling into place over longer periods of time.

http://danericselliottwaves.blogspot.com/
 
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