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View Full Version : Oct 15, 2012: US markets enter intermediate correction cycle?


Secretariat
14-10-12, 09:12
NDX has been down trending, joined by SPX.

DOW to join and confirm downtrend also next week?
roly8
14-10-12, 09:51
chart or gtfo .. :D:D
carbuncle
14-10-12, 09:56
Stocks n shares dropping like flies, quick bail out and put the money in real estate.
phantom_opera
14-10-12, 10:54
Buy on dip
radha08
14-10-12, 11:42
what goes up must come down...what comes down must go up...:D

and i not talking about whats between every mans legs...:banana::D:D:D
blackjack21trader
14-10-12, 11:49
what goes up must come down...what comes down must go up...:D

and i not talking about whats between every mans legs...:banana::D:D:D

for a moment....I was all ears and i thought you meant........:D
Laguna
14-10-12, 12:05
NDX has been down trending, joined by SPX.

DOW to join and confirm downtrend also next week?

even it happens, it is not going to be significant.
blackjack21trader
14-10-12, 12:08
even it happens, it is not going to be significant.

really? how so? can enlighten me ? I feel the same, but I want to hear your view :)
carbuncle
14-10-12, 12:10
what goes up must come down...what comes down must go up...:D

and i not talking about whats between every mans legs...:banana::D:D:D

love the banana icon
Laguna
14-10-12, 12:52
really? how so? can enlighten me ? I feel the same, but I want to hear your view :)

aiyaya. Ur much better than me in every respect.

President election is on the way........then...what is your feel? share share
Secretariat
14-10-12, 13:48
Key numbers for SPX:

2002Lo=768
2007Hi=1576
2002-2007=808 points

2009Lo=666
2012Hi=1474
2009-2012=808 points

SPX closed at 1429 last Friday, established a twin-peak formation at 1474s over the last 2 weeks.
phantom_opera
14-10-12, 13:53
Nowadays China-A share is a better worldwide technical indicator than S&P500

I will pay close attention to Monday China-A ... if it chiong for the whole week, confirm hosay pun pi pi ... if 2000 cannot hold ... then better watch out
Secretariat
14-10-12, 14:29
Nowadays China-A share is a better worldwide technical indicator than S&P500

I will pay close attention to Monday China-A ... if it chiong for the whole week, confirm hosay pun pi pi ... if 2000 cannot hold ... then better watch out

Agree that SSE is key index to watch should US entes its corrective cycle.

2000 is not necessarily important to hold, and prices appear to be completing its correction cycle since 2009.
phantom_opera
14-10-12, 14:32
Agree that SSE is key index to watch should US entes its corrective cycle.

2000 is not necessarily important to hold, and prices appear to be completing its correction cycle since 2009.

I am monitoring those property stocks in China-A ... as long as they are still range bound ... no big problem to our dragon head :D
Secretariat
14-10-12, 14:33
I am monitoring those property stocks in China-A ... as long as they are still range bound ... no big problem to our dragon head :D

Give a shout when you see something of note...:D
Secretariat
29-10-12, 08:10
Key numbers for SPX:

2002Lo=768
2007Hi=1576
2002-2007=808 points

2009Lo=666
2012Hi=1474
2009-2012=808 points

SPX closed at 1429 last Friday, established a twin-peak formation at 1474s over the last 2 weeks.

(By its definition, I am not a trader, but I do follow the views of a secluded list of US-based equity traders. This is because the equity of property investment is notoriously difficult to hedge, and one has to hedge via other instrument.

Please do your own research, the sources will not be revealed, as I suspect that they will only serve to confuse the readers as they are very technical.

No matter how you look at the following message, you are entitled to your opinions, to which I will be interested as well. However, should you decide to murder the messenger, then of course this is the last post on this subject.)

The Message

Over the weekends, traders seemed to say the following, baselined to Friday's close:

- There is an upside risk of about 80 points for SPX, heavy resistance at the 1475 level,

- There is a downside risk of about 400 points for SPX, roughly equivalent to about 3600 points for the Dow.

Traders trade based on price actions printed on the chart, on various time dimensions, and they couldn't care less of the reasons behind the price actions.
phantom_opera
29-10-12, 08:15
Hint, more expansion of fed balance sheet in dec after op twist