cheviot

Mmm There are certain currencies i would nt touch with a barge pole....Swissie, Can D and any of the exotics....Cable and i are old friends....but can be **** bag to trade...Oz is OK , if you have a firm view of the commodity/oil market ...but its not in my time zone....Euro ...so boring ...Euro yen ok, go with the stochastics...I trade wheat/corn/beans , oil , fx and Index...What about you ?

Well here we are then twiddling our thumbs.....Apple on full throttle at top of Andrew' s Pitchfork and Fib extension....weekly RSI at record 88 .... Its a very 'pretty ' chart ...Full of true Elliot Wave brilliance and Fib pull backs....Hats off to Apple ..... The ending could be messy !!!!!!!!

B##### Cable getting up my nose this morning 😠

I d say Sp 500 is creating a B top..... Why because the drop to 3180 has 3 legs within it, so this rise is actually only a correction to the down wave at 3180....like a whiplash effect ......It ll all come out in the wash.... I do nt think the Dax is the same.....Thats in true impulse.......Heading for 14000 I think

Otherwise known as 5 th wave of wave 5 into fib resistance at 3280-90....Bears are getting hungry .....Prowling around waiting to feed on the bulls carcass haha

Sorry whats TA ? Its good you have a balnced portfolio...one you do nothing for ...i.e. the ETF , and you tracking/trading the markets....Trading is nt for everyone....I started trading in 1986 straight out of uni onto an interbank FX desk.....Noisey !!!! (in the days when you had constant squawk boxes )...smoked 40 a day....and turned over around £1 Bn /day ...Good luck 😂

Bears have had a long cold hungry winter.....

I m guessing you Bulls are thinking Sp 500 heading in the next leg up to 3300 or so ??? Think we have had a 4 th wave correction to 3180 ....Last leg of this up move to around 3285/86 on a fib projection .....which might tie in with Trump signing Phase 1....then market sells off as everybody gets disappointed ...haha then the Bears come to town hahaha

.....Haha Haha....No i have nt got much time for her tbh....I m glad you think modern tech can cure our need for resources.....I am not so sure,,,,Humans need water, food and shelter (from sun and rain) ....Not sure that Apple fits that.... The Chinese know this and have been investing like this for years.....They own the worlds Potash supply , every mine in the world !! Potash is an essential part of a crop's make up.....They have also been buying the very best arable land across the world.....in the USA, Brazil and in Europe...

Mmmmm This is interesting....and it depends on which end of the political sphere you see things...I m not a Marxist...But at the moment societies across the world are out of sync...What I mean by this is that in Western economies we have a total in balance between the have s and the have nots...Socially I doubt that can continue.....But it may stay that way for the rest of my lifetime....I do nt know. ,,,, As resources get scarcer water, clean air, land, food ...other things like Apple shares will become irrelevant...Apple relies on electricity for example.....to power phones....! In the UK we are already burning food (animal feed) to create power....Wheat across the world is used to create ethanol, as is corn etc....There will come a point when the world has to choose between eating....or keeping the lights on and (Apple Iphones powered up) !! This is nt revolution....I m talking about but evolution....Company shares will become irrelevant .....Other totally precious things will become the only thing that is important to stay alive.

Interesting perspective. That means permanent bull markets...? So why bother picking stocks or using someone else to do it for you ? Granny could just choose any stock and sit there waiting for stock inflation to make the market rally. Real issue goes back to QE saving the banks in 2008. Markets are awash with cheap money looking for a home.....Instead of institutions lending to companies to re invigorate the economies of the world , those institutions put that money into sureing up their own balance sheets and then buying equities , bonds and precious metals. In actuality the central banks in 2008 only kicked the can down the road. The Fed has painted itself into a corner.....wall st demands cheap money ( to keep politicians in power ) .....And yet Wall st says the economy is fine.....If world growth is due to stall ......Then equities are overvalued, and if the economy is going to pick up.....Then rates will shoot up and again...unless Sp 500 yield rises too....The Sp 500 has to fall....The Fed worries about this too....If you read the latest Fed minutes ...there were concerns expressed about creating an asset bubble,..... Much like Greenspan's 'Irrational exuberance'.

Key day reversal in Apple by my calculation ......

Apple is priced to perfection....Lines of buyers 'around the block' is in the price....RSI and price action has the market full to the gills with Apple.....and the comments I m getting here ...means you are all long too.....So who buys when you want to exit ???? Sell high , buy low .....

Apple ...now picking up its ' Abandoned Baby' at $301......(not a phrase i like ) ....Question is does it make a leg up to you $306 full Fib extension target or not ???

Sorry folks...Meant $293 ...of course......haha

It needs to close below $ 93, if not it ll leg up to $ 306 , which i thibk is the full Fib objective. Tops happen in 2 ways......Sharp spikes or heavy 'chop' ...i think given the strngth of the up move i think it ll 'chop'....probably up to $306 but basing around $288/90 ...Then moving sharply lower....probably after its results in early feb. 😂

This bull market started in 2008. It is getting old and jaded and complacent. The belief is that the Fed will pump money in whatever !! It is also based on the American consumer putting all its money into the stock market. Savings rates across the world a very low, debt is rising particularly in China. Government National debts are also all rising and without substantial growth these things will undermine asset growth. Short term there may be bounces from various shares. Fair enough....but the big picture is that this market will top....soon. I think sp 500 has one more leg to the top ....short term.....But Middle 2020 the market will take stock and retreat.....My approximation is that SP 500 will average around 2750 in 2020.

Black tulips my friend.....Holland 14 th Century....They said the same then !!!

How are you folks seeing cable ??? My thoughts are that the 1.1950 was the end of a correction....It actually was 123.8% extension from 1.32 which was an ABC....Hence we are looking for 5 waves off that 1.1980 low.....Have we had it ? In the post G E bounce up to $1.35 ???? So is it all down hill post Brexit into parity ????? I was a cable trader inter bank...and showing my age i actually traded the low at $1.0280....In those days the 'Russian' as we called him....(USSR central bank) was selling the **** out of the £.....Chemical Bank of new York was organising a 'Parity' party in their dealing room......It never happend.....Chemical Bank is also no longer,,,,nor is there the 'Russian' !!

Hi I G graphics are wrong atm.....haha

Take a bite out of Apple . Hit $101.80 on Thursday night late trading.....Friday morning opened AT $ 95. 80 101.80 was a key Fib extension objective. taking the Dec/Jan lows as an ABC . looking at Apple long term.......It is definitley in wave 5 off the start of the up trend from $12 in 2000.....yes folks its a an Elliot wave super cycle.....It is also supremely over bought .....and NOBODY but Nobody dares sell it.....

I believe there will continue to be capitalism as other econ. models have failed totally...However stock market indices do not need to grow to prove capitalism works. In the 1930 s stock markets did nt grow at all , nor in the 1970s . The world may store value in other ways.....land, water rights, minerals etc. As you pointed out look at Eastern Oz .....what matters to those poor people now (including my niece) ? Water /land/ food....Stock market riches mean very little when catastrophe strikes. Remeber my friend...sheep get slaughtered

Sell strength and buy weakness....Timing is everything, selling a falling market just means you get caught at the bottom short..... This whole US market is utterly 1. complacent....2 Long up to its gills....Nobody but nobody is either short or even being hesitant about either FANG or US 500 ...The belief is it will go up for ever....The same was true when SP 500 was at 680 in 2008/9 nobody believed it could rally ever again. 3. Fed s got itself in a bind.....cheap money is fuelling an asset bubble and W st demands cheap money.....So dilemma for the fed is...If the economy is actually worse than the market is lead to believe where is the Fed going to go....And if the economy is better than the market thinks it is then the Fed will have to hike rates......Goldy locks and the 3 bears out there is nt going to last !

Yeah get your point Caseynotes ..... It ll all come out in the wash, but I would nt put widows and orphans into it here thats for sure.