World Indices Roundup 2020

Discussion in 'Sharemarket News & Market Analysis' started by itsmescottyc, 1st Jan, 2020.

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  1. willair

    willair Well-Known Member Premium Member

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    Looks like it's going to be a good day and unlike the GFC pattern the caronavirus is very different ..We may even see a mini put the seatbelt on rather then The handbrake bull run.imho.
     
    willair, 9th Jun, 2020
    #841
  2. Silverson

    Silverson Well-Known Member

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    How deep could we expect to see the leg down if 3272 is not broken?
     
    Silverson, 9th Jun, 2020
    #842
    twisted strategies likes this.
  3. kitdoctor

    kitdoctor Well-Known Member

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    The minor push in XJO has eventuated. My chart pattern of XJO strongly suggests the top of this rally for XJO is now in (early). Wave (v) nicely pushed through my governing channel but couldn't push beyond the upper boundary of the second channel and then price action reversed sharply. Here we go!

    XJO hourly chart 11 June 2020.png

    XJO hour;y chart 2 11 June 2020.png
     
    Last edited: 11th Jun, 2020
    kitdoctor, 11th Jun, 2020
    #843
    sharon, Islay, kad and 3 others like this.
  4. Pier1

    Pier1 Well-Known Member

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    Hope everyone playing the game are making some nickles.
    6200 was more of a gentle air kiss than a tag......
     
    Pier1, 12th Jun, 2020
    #844
  5. willair

    willair Well-Known Member Premium Member

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    The first question some will be asking early today once the markets open is ''what is the maximum loss one is prepared to sustain..
     
    willair, 12th Jun, 2020
    #845
  6. marty998

    marty998 Well-Known Member

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    Smart **** :p

    Wall St 7% down... here we go again.
     
    marty998, 12th Jun, 2020
    #846
  7. skater

    skater Well-Known Member

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    I'm not going to pretend that I understand those charts, but in layman's terms, you are saying you expect a drop in prices?
     
    skater, 12th Jun, 2020
    #847
  8. Islay

    Islay Well-Known Member

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    Yes, starting yesterday. Today will drop after almost 7% drop on Wall St last night.
     
    Islay, 12th Jun, 2020
    #848
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  9. skater

    skater Well-Known Member

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    Thankyou
     
    skater, 12th Jun, 2020
    #849
    Islay likes this.
  10. Fargo

    Fargo Well-Known Member

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    He is saying he gets prices of a select group of companies through complex calculations gets an average at different points in time draws lines on maps to constantly predict that what goes up doesnt go on the same trajectory for infinity. He can then figure out that when prices get out of alignment with earning potential and the market indicates it he then is able to predict the average price of those selected companies will fall too. He is able to predict negative sentiments will cause a price drop.
     
    Fargo, 12th Jun, 2020
    #850
  11. Simon Hampel

    Simon Hampel Founder Staff Member

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    I note the sarcasm - but for the benefit of others, that's not actually what @kitdoctor is doing at all. He's not really looking at earning potential, just patterns in the market.

    There are a set of patterns that the market has been consistently observed to follow in many (but not all) situations.

    If you learn the rules and how to identify the patterns, then you can increase the probability of identifying the next likely move in price.

    It is not a guarantee - it's an increase in probability.

    The risks are still there and you still need to apply normal risk management techniques - but this strategy aims to reduce the risks somewhat.
     
    Simon Hampel, 12th Jun, 2020
    #851
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  12. mtat

    mtat Well-Known Member

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    Big drop!

    upload_2020-6-12_9-7-17.png
     
    mtat, 12th Jun, 2020
    #852
  13. kitdoctor

    kitdoctor Well-Known Member

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    Said with luv. Thank you.
     
    kitdoctor, 12th Jun, 2020
    #853
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  14. kitdoctor

    kitdoctor Well-Known Member

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    When looking at the two charts I have projected the upper boundary of one channel off the end of wave ((i)) and the upper boundary of the second channel off the end of wave ((iii)). The lower boundary of both channels passes through the end of waves ((ii)) and ((iv)). These channels frequently will identify the end of wave ((v)).
     
    kitdoctor, 12th Jun, 2020
    #854
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  15. kitdoctor

    kitdoctor Well-Known Member

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    55 = Fibonacci number. The rally from the low lasted 53 trading days. Coincidence? I'll let you be the judge.

    XJO daily chart 55 days 12 June 2020.png
     
    kitdoctor, 12th Jun, 2020
    #855
    twisted strategies, VanillaSlice, monk and 1 other person like this.
  16. VanillaSlice

    VanillaSlice Well-Known Member

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    Is there a fibonacci number for the next/current leg down and subsequent wave up as well Kitdoctor ?

     
    VanillaSlice, 12th Jun, 2020
    #856
  17. kitdoctor

    kitdoctor Well-Known Member

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    There are many ways to identify potential time (date) targets e.g. Fibonacci numbers, Fibonacci time extensions, Lucas numbers, Gann Square of Nine, etc. What one usually does is apply a number of these techniques and identify dates that cluster together, while at the same time assessing where the wave count is at to identify when the completion of the structure is lining up with the identified dates. Now that the next important move appears to be underway I can do this work, time permitting.
     
    kitdoctor, 12th Jun, 2020
    #857
    twisted strategies, VanillaSlice and kad like this.
  18. Greedo

    Greedo Well-Known Member

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    Subjective no? I’ve seen it mentioned that the patterns are only ever confirmed retrospectively
     
    Greedo, 12th Jun, 2020
    #858
    twisted strategies likes this.
  19. TickerHound

    TickerHound Well-Known Member

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    In addition to the indexes, it is useful to watch the leading stocks of a rally. They provide vital clues on where the market could go. For the US markets, AMZN and NLFX are the liquid leaders that moved first in this up move. Other leaders include ZM, DOCU, DXCM, LVGO and VEEV. If stocks like these breakdown, even when the market is heading higher or going sideways, that's a strong clue. If they hold up well during a correction, or a day like yesterday, that's another clue.
     
    TickerHound, 12th Jun, 2020
    #859
    twisted strategies likes this.
  20. Simon Hampel

    Simon Hampel Founder Staff Member

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    Sure - you use the techniques to predict the likely moves in the market and then based on the probabilities, you make investment decisions based on that.

    When you have confirmation that your predictions were wrong, you take action to correct the mistake.

    There are no guarantees - and this is just one of a number of tools that you would use to try and increase the probability that you are right - you wouldn't use one tool or indicator in isolation.
     
    Simon Hampel, 13th Jun, 2020
    #860
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