Dharmaeye Posted August 28, 2004 Report Share Posted August 28, 2004 More on controlling risk by Al Farley:http://www.hardrightedge.com/realmoney1.htm Not been trading much, enjoying what's left of our summer. Hank Fits nicely with McHughs Fib date of Sept 7. http://www.technicalindicatorindex.com/new...ter%5F78A%2Epdf Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted August 28, 2004 Author Report Share Posted August 28, 2004 McHughs Fib date of Sept 7 Dharmaeye, Thanks for McHugh's analysis, he fits with mine almost perfectly, except I am still moderately bullish on the dollar(looking for a push to @ 95, and top) and see 375 instead of 385 as the critical support for gold which I am skeptical will ever break. He also is looking for @150 on HUI where a very significant bottom will be in! And his wave counts on the broad indices are identical to mine. I like his strict TA approach and the methods he uses. Yes, this rally needs a little more time to top out and Sept 7th looks about right! As always I will post my CT signal when it gives the go ahead to short again. LT indicators ALL on SELL since end of June. Hank This hasn't rolled over yet: Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted August 28, 2004 Author Report Share Posted August 28, 2004 Bernie looking at supportive CV on oil @ $41-42 then back up and obvious deleterious effects on broad. But can they keep it down until Nov elections?? Bernie on Crude Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted September 5, 2004 Author Report Share Posted September 5, 2004 CT very close to signalling another short trade, cracks definitely forming in this rally: HI-5 now exhibiting it's own divergence, also the semi's are really sick and the transports appear to be poised to break down. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted September 5, 2004 Author Report Share Posted September 5, 2004 SOX not following at all... Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted September 5, 2004 Author Report Share Posted September 5, 2004 SP also now showing divergent behavior: Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted September 5, 2004 Author Report Share Posted September 5, 2004 HGX pops to the upside from the coil however...fairly strong thrust on the JTI indicator so more rally yet to come... Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted September 5, 2004 Author Report Share Posted September 5, 2004 OIH ready to blow, Mr Hanky's been pounding the table on these, you should know! Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted September 5, 2004 Author Report Share Posted September 5, 2004 Economic Girly Men Folks at Contrary Investor showing problems with the current expansion compared to the past and an in depth analysis of energy costs on prior economic expansions/contractions... Just more economic "girly men" Link to comment Share on other sites More sharing options...
BovineBagholder Posted September 10, 2004 Report Share Posted September 10, 2004 Hank, Here's a great response to the governators "Economic Girl Men" statement: http://www.financialsense.com/Market/wrapup.htm Yeah, market still stuck in rally mode...seemed to get freshly pumped post- GOP convention. Crude falling. Bushes poll standings climbing. Go Figure BB Link to comment Share on other sites More sharing options...
traderfromhell Posted October 9, 2004 Report Share Posted October 9, 2004 Concerning the pm shares and the metals. We are 30 days from the September 8th low. Time for at least a short term change. Right at 240 resistance in the HUI. A number of fib resistance points in the range 3.50-8.40 and 5.40-8.40 in Silver. Not looking for a major break but definitely a place to take profits on paper Silver and Gold. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted October 21, 2004 Author Report Share Posted October 21, 2004 Gann Master Chart = Square 52 applied to the weekly: I haven't updated this since all my long term indicators went on sell in late June of this year and I was discussing the 4 year cycle top. Currently the SP is getting squeezed between the 233 week MA which held the 1987 panic sell off and the 1990 recession 4-yr lows. This current secular bear market easily punctured that important MA and look what seems to be capping it now! Just below we have the all important 1987 low 1X1. Yes the squeeze play is on and a monthly close above or below either will be a significant clue as to where the market goes into 2005 in my opinion. Also note the last stand support or zero line is now around the 900 level. Hank Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted October 22, 2004 Author Report Share Posted October 22, 2004 Dow Square High. Mr Hanky is feeling a sudden chill in his trader's bones. Wall Street turning to Fright Street for holloween???? Be on alert here, I try not to abuse the "C" word but things are getting very weird as I look at my systems indicators the past few weeks. I really feel something BIG is about to happen! Link to comment Share on other sites More sharing options...
traderfromhell Posted November 12, 2004 Report Share Posted November 12, 2004 This week is 6 months from the May lows in the metals. Did we see the turning point high earlier this week or does this week mark an acceleration to the upside? Move over 7.60 or under 7.30 tells the tale for Silver. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 13, 2004 Author Report Share Posted November 13, 2004 Yes the squeeze play is on and a monthly close above or below either will be a significant clue as to where the market goes into 2005 in my opinion. Link to comment Share on other sites More sharing options...
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