Official Short-term Investments Thread

[max_boost]

Still patiently waiting for market pull back. Discipline. Anything new on the technical stuff SR?

[djayz]

Originally posted by max_boost
Still patiently waiting for market pull back. Discipline. Anything new on the technical stuff SR?

Same here except I have one position left of HGD at 4.79 that I want to get rid of and make a few dollars on just doesn't seem to be happening. Markets somehow are staying afloat no matter what the news is...

[s_havinga]

Originally posted by PeterGTiR
Do you guys still invest in stocks or is it all Horizons Betapro ETFs now?

I'm holding STP.V, Southern Pacific Resources. I bought it late last week at 0.97 based on my basic technical analysis...

:dunno:

I got into some XDC with what I made selling my HOD yesterday, 7% up today... not bad

[yoda124]

Originally posted by yoda124
WTN Western Canadian Coal the best trading stock on the TSX (IMHO)just hit 52 week high today :clap:

WTN unstoppable beast ...breakout to new 52 week high today.

[SilverRex]

Originally posted by max_boost
Still patiently waiting for market pull back. Discipline. Anything new on the technical stuff SR?

the USD is breaking out as expected, however oil is still sitting at the edge which could go either way.

DOW is approaching a significant resistance at 11000

while at this point in time, I cant say for sure if this is THE top, but none the less it should be A top

cycle count points to first week of April as a high in some thing, would that be stocks? oil? USD?

I'll remain on the side line for now on stocks, if you must play, buy USD short term play

[cosmok]

Originally posted by SilverRex
I'll remain on the side line for now on stocks, if you must play, buy USD short term play
Wish I picked up more USD around 1.016 but my average of 1.018 isn't looking too bad now.

[Mark_Nguyen]

When do oil inventories come out and what site do you guys use to check the oil/gas inventories

[cosmok]

Originally posted by Mark_Nguyen
When do oil inventories come out and what site do you guys use to check the oil/gas inventories
10:30 ET Wednesday and Thursday are the reporting for Oil (http://ir.eia.gov/wpsr/wpsr.txt) and Natural Gas (http://ir.eia.doe.gov/ngs/ngs.html) respectively.

[e36bmw///]

nm

[tryingtobebest1]

so what are we expecting!? From natgas

[e36bmw///]

nm

[e36bmw///]

nm

[max_boost]

WHERE'S MY TIME MACHINE?

Buy some LLL or TCK.B

Get locked up and 1 year later. :bigpimp: :facepalm:

[djayz]

Originally posted by max_boost
WHERE'S MY TIME MACHINE?

Buy some LLL or TCK.B

Get locked up and 1 year later. :bigpimp: :facepalm:

I thought the same thing of TCK.B so many times just never had the guts to get into it. I was ready to buy at 39 this time around too but never did :(

[SilverRex]

we hit 10950 for the DOW today, could be a Top here

[SilverRex]

dollar is moving along very well on its wave 5 of (I)

looking at the DOW, it appears it is about ready to roll over hard, with price hitting just under 11k at 10950

I believe we may have A top in place, how this will turn into THE top remians to be seen but we will visit that idea once it begins to give us some counts to the down side.

http://i278.photobucket.com/albums/kk118/genmaster/dow032510.jpg

[SilverRex]

going to throw up the monthly chart for euro, why? I think euro gives us a much clearer picture than of the USDX

look how obvious the abc correction is unfolding, unfortunately its nearly certain that euro is headed to 1.28-1.30 area before finding A bottom. the scary thing is, the massive H*S that is on the radar if the neckline around 1.2700 is broken to the down side, just the H&S target alone would push euro below par with the US dollar, and the fact that if this is a major wave III decline, it cannot be less than major wave I which gave us 1.6-1.23

truely some big movements ahead of us.

however the biggest signal for me is the 10/20 EMA on the monthly chart has now crossed over, if you think this is big, think bigger.

http://i278.photobucket.com/albums/kk118/genmaster/euromonthly.jpg

[e36bmw///]

nm

[SilverRex]

ok

right now it appears the dollar has just finished a sub wave iii peak and is on a retracement move. while I only expect it to touch off between 81-81.2 in 3 wave patterns. please be aware of the importance of holding above 81. If we going to have any more upside, price needs to sustain above 81, in the event that it does not, then the current rise to 82.20 may have been still part of a larger correction that will take it back down to below 79.50

remember when it rallied off 79.50 I suggested it only met the bare mininum retracement factor, there for it is very possible this can still occur.

http://i278.photobucket.com/albums/kk118/genmaster/dollar032910.jpg

with the dollar caught between its head and tail, oil isnt too fun to look at either. while a 5 wave pattern could be spotted, my expecation remains to the down side, but the dollar is to suddenly sink further as an alternate count, then that isnt going to do oil bears any good at all.

in the short term I expect oil to find a footing between 74.50-78 area, if your shorting, its best to move your stop if you've shorted above 80+

the longer oil stays above 80, a chance of a oil break out could still be in play. We could very well be at the peak of a fallout or at the beginning of a major breakout. So caution is advised for shorting oil without stops

http://i278.photobucket.com/albums/kk118/genmaster/oil032910.jpg

and finally for gold, higher level still looks bearish, with a mini H&S break down, it only furthers the down side possibility. unless of course all of this recent jitter is telling us gold still needs to rally a bit higher before falling.

for bears, gold will need to take out the current red up trendline just under 1070 to confirm trend. bulls will have a difficult hill to climb as it needs to take out both 1140 and 1160 highs to turn this around, but even doing so still poses great risk (remember july 2008?) it broke out technically looking bullish only to collasp into a wave III sell off

Now with my bearish views, I have to reminder everyone I do not recommend selling your physicals. as I believe just like everyone else much higher gold prices is ahead of us and not behind us, but with the nature and characteristic of gold, it can go either way very quickly. I also do not believe in short gold either. The only thing I'll do is keep some ammo aside and if gold does drop, look to pick them up along the way and add to your position.

http://i278.photobucket.com/albums/kk118/genmaster/gold032910.jpg

[DJ_NAV]

Thanks for your charts SR, looks like the activity on this thread has gone down(so has mine) but you are still sharing your valuable information.

[e36bmw///]

nm

[SilverRex]

quick alert.

the 81 area has been broken twice imo, this may be a sign that then current run up to 82.2 may be part of a larger correction and thus I now expect the dollar to fall back towards 79.5 - Caution is advised. yes this would push oil/gold higher in the short term anyways

http://i278.photobucket.com/albums/kk118/genmaster/dollar033110.jpg

while I hate to say this but oil's abc correction towards 75-78 didnt pan out perfectly, it made the double dip at 79 instead. May be a bullish sign

while depending on what contract month pricing you use, key are should be near 85.05 however which this kind of structure, oil may be headed higher.

either sit on the side line or begin to think long short term.

http://i278.photobucket.com/albums/kk118/genmaster/oil033110.jpg

this may be a good time to try hnd.to (NG) as it is heavily oversold and if oil breaks out, it should lift NG for a bounce

[SilverRex]

watch gold at 1131, if we take this out, this could turn gold bullish in the short term. while over all I still look at gold in the bearish direction. the more gold defys my expecation the more I may soon change my tone but for now watch if price pushes above the previous broken neckline which is a bullish signal if we dont get a sharp drop immediate this morning, expect bullish momentum to mount

http://i278.photobucket.com/albums/kk118/genmaster/gold033110.jpg

[SilverRex]

i exited my oil short, going to buy back near 83 oil for a long position

started a small position in NG long

[broken_legs]

Originally posted by e36bmw///
Does anyone know if you can trade options in tfsa?

Im able to see option quotes, but cant trade them

yes you can. You need a margin short account to buy options AFAIk.

[997TT]

HND $9.40 :facepalm:

[SilverRex]

Originally posted by 997TT
HND $9.40 :facepalm:

I know, I sold too soon as well as I was only expecting it to fill the gap at 7.50

now the reverse might be happenjing here, hnu.to has a gap to be filled around 9

it would be the right move if oil indeed is on a breakout here

[tryingtobebest1]

Hey SR, i thought that HNU/HND works same way as HOU/HOD, but now im comfused!??? Please explain if you have an idea!

[SilverRex]

^
what do you mean same way?

their relationship within each other? Could you explain your question a little more

[tryingtobebest1]

Yes i mean when price on the HG is going up HND (same as if oil is up HOD) going up, if the price of NG is going down HNU going up???

[SilverRex]

Originally posted by tryingtobebest1
Yes i mean when price on the HG is going up HND (same as if oil is up HOD) going up, if the price of NG is going down HNU going up???

hou oil up
hod oil down

hnu ng up
hnd ng down

[broken_legs]

Originally posted by tryingtobebest1
Yes i mean when price on the HG is going up HND (same as if oil is up HOD) going up, if the price of NG is going down HNU going up???

tryingtounderstand

SR was saying a rally in Oil cause by a drop in the dollar, would likely take Natural Gas along for the ride.


There is no technical relationship between HNU/D or HOU/D

[Shaolin]

I try to stay away from startup companies because it's too much of a gamble most of the time, but I bought this play because I know Jim, and his leadership team's history, so I thought I'd throw it out there for you guys to consider buying.

PS. I do have shares in the company

Sorry, forgot the company name. Its PanWestern Energy Inc.

[PeterGTiR]

I bought some HRG.TO today at 0.69 - they were supposed to release their 2009 financial results today but need until April 15, 2010. I don't know what to make of the extended deadline - their results from the unaudited results that they posted look good, but the delay may mean that there's something underlying that they're not telling their shareholders.

I was also thinking about buying some BKX.TO - close at $2.53 today with five straight down days. I think at its current price, it is undervalued by a bit.

Is anybody holding these two companies?

[SilverRex]

did NG come out with inventory numbers? anyone got them?

sudden 5% jump

[tryingtobebest1]

lets hope its fake!

[DJ_NAV]

10% jump now.

[e36bmw///]

nm

[tryingtobebest1]

SR???

[e36bmw///]

nm

[troyl]

Rise of 12 BCF

[djayz]

Damn another quick jump, had a sell order in at 5.90 by the time i changed it, it's up another 8 cents!

HNU going to keep rising or what?

[e36bmw///]

nm

[cosmok]

USD parity here we come :thumbsdow

[SilverRex]

as I suggested last week, once the dollar broke the 81 support, the pattern was beginning to feel like the dollar is simply onto a larger wave iv correction as first thought. my current expecation is to have the dollar eventually fall back to some where near or below 79.50 but no lower than 78.50 before a 5th wave advance. as you can clearly see as well, the less probably alternate count has it that we indeed achieve wave v to complete our first major wave {I} then this would be potentially a much larger wave {II} correction that could span for weeks. Either way, dollar remains bullish imo trend is up, current move is corrective

http://i278.photobucket.com/albums/kk118/genmaster/dollar040510.jpg

and for oil, last week I revised my count from being bearish to being bullish, and thankfully the call was correct. as you can see oil continues to climb higher and higher. taking out the previous top near 84 and also the 85.05 resistance. While oil is now bullish imo, any fall back near 83 would be a good pick up. short term oil should find its way towards the next over head resistance and fibo target around 90. the alt count towards a lower low under 79 would only hold true if oil is unable to sustain above 81.75

http://i278.photobucket.com/albums/kk118/genmaster/oil040510.jpg

and finally for gold, im still holding out my bearish views, but short term gold appears bullish, as I suggest last week, once gold takes out the last neckline which it did and retested it. gold should be on its way to and above 1160, however will this translate into a parabolic move? those who held physical gold will be more than happy to see it unfold that way. For myself, I'll probably be convince gold is ready to make higher highs if it can take out 1190, but until then my expecation remains bearish on the upper level and bullish on the lower level.

http://i278.photobucket.com/albums/kk118/genmaster/gold040510.jpg

[SilverRex]

just a quick nib at Natural Gas

a while back months ago? had played NG from mid 4s to mid 7s NG only exceeded my expecation to the upside by going to mid 9s.

now with oil turning bullish, we may have another good trade coming.

looking at the chart, the bullish engulfing pattern (closing above the high of previous 4 days) May have the bottom in place. Again I am going to use the same thing to guage a good target and that is the 9 dollar area gap lefted a while ago.

no matter how you dice it, its good to start a postion around here

http://i278.photobucket.com/albums/kk118/genmaster/NG040510.jpg

[SilverRex]

with a falling dollar, watch out if DOW at 11k doesnt hold, next target will move it to 11.75k

[e36bmw///]

nm

[civic_rida]

Curious what people think of natural gas and oil after the rally today.

[DJ_NAV]

as SR mentioned, HNU is probably a good bet right now. Will be watching/betting on it tmw.

[Meback]

Hey SR. When do you expect the united states to raise interest rates, and will this result in a surge(upside) of the us dollar. Any idea when will CND drop below 0.90 cents?

[mr2mike]

Yes, back on the interest rates. Does Canada not typically mirror the US's moves when it comes to interest rate changes?
I mean with Canada talking about raising rates this summer, have the US made the same decision?

[SilverRex]

Originally posted by Meback
Hey SR. When do you expect the united states to raise interest rates, and will this result in a surge(upside) of the us dollar. Any idea when will CND drop below 0.90 cents?

I expect the loonie to climb above the dollar briefly before turning around.

[SilverRex]

right now the dollar has risen far enough, any more upside would begin to make me think the bulls are back in charge.

while over all trend remains up, I did not expect the dollar to rally so soon. Looking at the latest run up, its currently meeting right at the previous broken neckline, for the moment I still expect the dollar to turn back down for a lower low. But if the dollar surges above 81.70 and maintains above it by turning it into a support then I might have to call the bull trend resuming immediately, other wise still expecting a dive towards 80 and below

http://i278.photobucket.com/albums/kk118/genmaster/dollar040610.jpg

as for oil, while we are flerting near 87, based on price projection and EW targets, oil should at least get to about 90-92 imo, that would mean any significant dip towards 84 would be a good pick up

[tryingtobebest1]

Whats happening with energy SR??

[SilverRex]

Originally posted by tryingtobebest1
Whats happening with energy SR??

a healthy pull back

[2000_SI]

Picked up some AND-T on Monday, up to 2.91 already.
http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=AND-T

Been super happy with the returns from SU so far. Picked up ~32, and it was acting quite withy-washy around that range for a bit, but looks like it's got some good upward movement

[civic_rida]

still bullish on natural gas?

[vipin kumar]

Deals in real estate in india, real estate listing of properties in india.Buy sell rent commercial property or residential property in india.

[tryingtobebest1]

SR i was trying to look for NG price index or graph like you have for oil and gold but couldn' find it!
Is the price of ng going down still? And when is the next inventory releases!?

[Zenshi]

NG inventories will be released tomorrow at 10 30 est

[cosmok]

Originally posted by tryingtobebest1
SR i was trying to look for NG price index or graph like you have for oil and gold but couldn' find it!
Is the price of ng going down still? And when is the next inventory releases!?

Chartstation doesn't have a NG function, you can use this (http://www.futurespros.com/energies/natural-gas?smlID=10504&page=chart&sym=NGk0&type=CANDLE&volume=1&studies=MACD;SRSI;EXP;) and draw your own trend lines. It just finished filling in a gap from September, if it breaks below the $4 level again there isn't much support until $3-3.5

[SilverRex]

ok while I expected the dollar to put in a bit of a countertrend rally , I didnt expect it to be so persistant, I still expect the dollar to find a top then make another dive towards 79.50

since we are not in what appears to be a sharp ascending wedge, it looks corrective and terminal. wait for a break below the neckline before entering short otherwise stay clear of being longs until the movement becomes clear

http://i278.photobucket.com/albums/kk118/genmaster/dollar040810.jpg

as I expected after oil punching thru 84 and 85, we are in a bit of a correction. The most likely target is to land some where near 83-84, I'll open up a long position here with stops below 81.75

http://i278.photobucket.com/albums/kk118/genmaster/oil040810.jpg

and gold has been moving along according to plan, ever since breaking above 1125, we are about half way there in this latest up move. If you did jump on the gold rally near 1125, then hold it for one more thrust above 1160

http://i278.photobucket.com/albums/kk118/genmaster/gold040810.jpg

[SilverRex]

Originally posted by cosmok


Chartstation doesn't have a NG function, you can use this (http://www.futurespros.com/energies/natural-gas?smlID=10504&page=chart&sym=NGk0&type=CANDLE&volume=1&studies=MACD;SRSI;EXP;) and draw your own trend lines. It just finished filling in a gap from September, if it breaks below the $4 level again there isn't much support until $3-3.5

your assumptions are correct, however for the long hual I believe the 3.5-3.8 areas will be a good starting pick up for holding NG longer term

[SilverRex]

going to throw up the $natgas chart here, looking at the one shown on stockcharts.com it appears NG has just landed a retest of the previous broken neckline. If NG had indeed bottom in aug 2009, then what we are looking at here is simply a 3 wave correction that once it ends should begin a healthy up leg above 6

always trade with your own risk, but that is my thoughts anyways. I've always expected a drop back down to under 4 for quite some time, now that we've met our targets, I believe its time to go long again.

http://i278.photobucket.com/albums/kk118/genmaster/ng040810.jpg

[troyl]

Picked up a few HNU at 5.55.

[troyl]

Double post.

[in*10*se]

not sure if anyone cares.
biotechs that i'm in right now for the short term are:
i'm in CIGX and CLDX and MMRF.

[djayz]

Originally posted by troyl
Picked up a few HNU at 5.55.

Good pick up! I got in large at 5.90 and tried again for 5.30 but didnt work so now I'm hoping for some more upside movement.

Gold on the other hand is doing well...are we ready for that parabolic run?

[riander5]

Hey im looking to invest only 1500 dollars, I imagine most of you guys invest probably 10-50 grand for your day trades.
What I'm wondering is what site would you guys recommend in terms of low commission on a smaller trading amount??
I only have 1500 and im not planning on holding the stock forever, but probably for a couple of months then to sell if profitable and continue investing elsewhere.

Any advice is appreciated!

[samo147]

questrade starts at 4.95 a trade

[Meback]

Originally posted by riander5
Hey im looking to invest only 1500 dollars, I imagine most of you guys invest probably 10-50 grand for your day trades.
What I'm wondering is what site would you guys recommend in terms of low commission on a smaller trading amount??
I only have 1500 and im not planning on holding the stock forever, but probably for a couple of months then to sell if profitable and continue investing elsewhere.

Any advice is appreciated!

I started out with 2000. Realized that it was utterly pathetic. When shit don't go your way and you need to buy more shares to average down cost theres no more ammo left.

I personally feel that having anywhere between 10-20k is the way to go. But everyone has to start some where, and with the 1500 entry point its a good way to learn and understand how trading works.

[SilverRex]

Last friday was indeed very good to us, while some may have panic with the rising dollar, none the less it was correctional, and thus the expecation that it had to fall towards 79.50 had fulfilled nearly the the tee at the beginning this week.

My current count suggest we have completed a 5 wave UP for the dollar in EW terms, this could either just be the 1st major Leg up wave one or it can also just be a wave A, either way the dollar is due for a semi correction. But based on time frame, you would think this correction should last a bit longer, so my eyes are still set for a lower low (below 79.50) to complete this correction. However with the huge gap down to start the week, look for price to fill the gap just under 81 then back down she goes.

an alt count that the correction has just finished could also be a possibility but until i see price surging upwards and take out 81.75, I'll stick to my current call.

http://i278.photobucket.com/albums/kk118/genmaster/dollar041210.jpg

my expecation in oil dropped towards 84 after flerting with 87 has also surprisingly came true. so the current view is that once oil finds a bottom some where between 83-84 area we should take off towards a short term target of 90 and a medium target of 95 oil. the only alt count is if 83 does not hold then I would see the current move ment simply as a larger wave ii correction not finished pointing us down towards 78, either way my view for oil has now turned bullish over all. look for opportunities to go long.

http://i278.photobucket.com/albums/kk118/genmaster/oil041210.jpg

and finally for gold, with the dollar and oil play moving so well within my forecast, gold too join the fry, every since breakout above 1125 I recommended bulls to hit at least 1160 which we have got, gold is current bullish and in the lower level charts I suggest we should soon move into a sub wave iv correction with at least one more thurst to the upside above 1170.

Can I possibly turn bullish on gold? like oil, I dont see why not, however it hasnt really made strides enough for me to do so just yet. I still expect gold to hit a ceiling some where between 1169-1194 before dropping like a rock. But I dont recommend shorting either, its the one play where gold can really kill you, I always recommend picking up physical gold and buy if it does drop, I still see no matter how bearish gold is in the short or medium term, the longer term calls for much higher gold prices.

on the flip side if gold takes out 1194, then it may have just put away 1000 gold for good. but until then, let see how the gold bears during the crisis month of May. Major market indices are due for a larger correction.

http://i278.photobucket.com/albums/kk118/genmaster/gold041210.jpg

[DJ_NAV]

anyone know why the horizon etf's are not updating on google finance? or is it just me? all my other stocks are updating on it, just not the horizon etfs.

[mr2mike]

Not updating for me.
Gfinance too.

[DJ_NAV]

Actually i noticed that all TSX quotes are not updating.. just the US ones.

[e36bmw///]

nm

[in*10*se]

^yup.

[e36bmw///]

nm

[SilverRex]

ok a quick shot at oil, we have finally arrived at the point where oil either has to make a rally from here to higher highs or a crash to lower lows towards 78

if my view is a weak US dollar in the short term, then oil should begin to climb towards 90+

http://i278.photobucket.com/albums/kk118/genmaster/oil041310.jpg

[davidI]

Oil & the market are headed south. Looked at the TSX & NYSE this morning and both RSI's were showing overbought conditions. I can see a big correction coming if Q1 earnings don't meet expectations...

[e36bmw///]

nm

[mr2mike]

all CDN stocks are this way on Gfinance:whipped:

[tryingtobebest1]

thats only in google! You can qickly check with yahoo!

[e36bmw///]

nm

[in*10*se]

interest only when i use my margin

[Beerking]

Any ideas on how far HOU is going to drop before heading back up? Will it touch 9.0 or lower you think?

[e36bmw///]

nm

[SilverRex]

well you can call this a mid week update. but so far things have been moving quite well.

Starting with the dollar, as you can see on the higher level, we are still in a major wave II correction targeting some where under 79.50 while initially my thoughts were that the dollar was after filling the gap left just under 81, it could very well be the previous broken neckline that is forcing price to to tread lower. A retest if you will. Again we will have to see how the waves unfold. When we finally begin major wave III or C north, thats when the market should roll over

http://i278.photobucket.com/albums/kk118/genmaster/dollar041410.jpg

And for oil, as I posted recently, we were at the stage of either a bounce or break, it looks like we got our bounce and oil bull continues. With the swing point low at 82.50 I will continue to use the 81.75-82.50 as a good stop loss and now expect oil to make another good rally towards 90-95 area. we will take a pause if the current up trend line breaks but until then, expect oil bull to be right back at it.

http://i278.photobucket.com/albums/kk118/genmaster/oil041410.jpg

finally gold, also moving quite nicely, the wave iv correction was realized and similar to oil, it should begin the final assault towards 1190s, as QuadG showed, the similarities between now and what happen in early 2008 is hard to ignore. unless gold breaks above 1194 or create a new high, I will still expect a significant drop towards this summer. current make or break to bring the bears back is around 1128 so if your going long. set your stops below here.

http://i278.photobucket.com/albums/kk118/genmaster/gold041410.jpg

[Calgal25]

Hey guys

Just wondering if anyone has some good pics for Juniors...

Have a couple grand i wanna throw into a Junior that is likely to take a swing on the upside in the next few months?

Any ideas?

[Mx6er]

MSQ.V
Its going to be huge.

But dont take my word for it, do your own DD

[bwling]

Do some research on IAE.v. They have a clean balance sheet, increasing production from the North Sea, and are currently awaiting results from a drill stem test on one of their discoveries. Results from the test should be out this week or next.

[davidI]

Originally posted by Calgal25
Hey guys

Just wondering if anyone has some good pics for Juniors...

Have a couple grand i wanna throw into a Junior that is likely to take a swing on the upside in the next few months?

Any ideas?

CNH IAE & CVI.A

[KappaSigma]

Originally posted by bwling
Do some research on IAE.v. They have a clean balance sheet, increasing production from the North Sea, and are currently awaiting results from a drill stem test on one of their discoveries. Results from the test should be out this week or next.

Been in since around $1. Very good news this morning.

[bwling]

Originally posted by KappaSigma


Been in since around $1. Very good news this morning.

Congrats! Great news this morning...it should take them to a new 52 week high!

I first got in around the 0.70s and have been adding to my position at each downdip during the way up.

[Mx6er]

Did anyone see APV.TO today??? holy smoke, a tidy 185% gain. I used to trade this stock last summer, but things looked dismal. Too bad I got out of that one.... o well

[SilverRex]

ok a quick note on the dollar, what I thought was further weakness on the dollar appears to struggle, it looks like it does want to fill the gap after all

my current expecation is still short term dollar bearish but anticipate gap to be filled slightly higher then back down.

but my over all trend for the dollar remains up. this correction could very well end sooner than we thought if it does not head lower soon. If it some how takes out 81.40 then I may be convince to speed up my view that the dollar bulls have resumed.

Until then, I still expect a weaker dollar before heading higher though.

http://i278.photobucket.com/albums/kk118/genmaster/dollar041610.jpg

[SilverRex]

hmm

a quick revise with the surprising GS news this morning, this Could be a catalyst for an early drop or top we've been waiting for.

looking at the sudden collasp of gold, its very impulsive, if the 1128 doesnt hold then watch out below, this would finish our expected rise above 1160 (remember early 2008?)

also did not cyclist call a top april 19th? dam close if you ask me.

http://i278.photobucket.com/albums/kk118/genmaster/gold041610.jpg


Same thing with the dollar, with the news and sudden collasp, dollar could as I posted eariler, completed the wave II correction and in such, the next leg up would mean much higher dollar as we pull back significantly into the summer months.

http://i278.photobucket.com/albums/kk118/genmaster/dollar041610b.jpg

[SilverRex]

with such a sharp drop today, looking at the over all trend, DOW could have completed its first 5 waves up

for the time being, confirmation require price to take out about 10825. once that is done, we should begin a multi month decline towards 9000 imo

negative divergence on stoch spotted, any rise from here will continue to struggle

http://i278.photobucket.com/albums/kk118/genmaster/dow041610.jpg

[badlivertt]

ouch. hope nobody else got clobbered by the news on goldman. just cashed out of XLF after a free-fall.

if the big banks are like this, i might just go back to playing horizons or 1/2 holdem.