aussiebear Posted March 1, 2018 Report Share Posted March 1, 2018 Red across the board for the early openers: Kiwis -0.3%, Aussies -0.8%, Japan -1.5%, Sth Korea closed.Mostly down for Aussie sectors: Gold +0.5% down to Energy -2.1%, Telecomms -1.4% and Miners -1.2%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted March 1, 2018 Author Report Share Posted March 1, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted March 1, 2018 Author Report Share Posted March 1, 2018 http://money.cnn.com...s/morning_call/http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted March 1, 2018 Author Report Share Posted March 1, 2018 http://www.engrish.com/2017/12/tea-time-aisle-4/ Link to comment Share on other sites More sharing options...
aussiebear Posted March 1, 2018 Author Report Share Posted March 1, 2018 http://bigcharts.mar...com/default.asp Lotsa sellers lurking in today's market.. All Ords closed -0.7% with sectors ranging from REITS +0.4% down to Energy -2.2%, Utilities -1.6% and Miners -1.4%.Over in Asia, China +0.4%, Hong Kong +0.7%, Japan -1.6%, India currently -0.1%. On to UK/Europe: http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted March 1, 2018 Author Report Share Posted March 1, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
BovineBagholder Posted March 1, 2018 Report Share Posted March 1, 2018 SP Elliott Wave Update : Wave 2 appears complete, it hit precisely the confluence where Wave C = 100% Wave A extension AND 76.4 retracement of Wave 1 down. Wave 2 also was time equivalent to Wave 1! I closed both SPY longs and reversed trade with initial short position. So far the patterns have been very well defined and if this is Wave 3 down should offer some places to add. Already the first impulse off the Wave 2 high shows clears 5 wave impulsive structure, This should continue as pretty sharp move down as 1 of 3. But the real fun will be the 3rd of a 3rd. Still need some confirmations but so far in EW terms this has behaved very well. Good luck and trade safe! Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 1, 2018 Report Share Posted March 1, 2018 SP Elliott Wave Update : Wave 2 appears complete, it hit precisely the confluence where Wave C = 100% Wave A extension AND 76.4 retracement of Wave 1 down. Wave 2 also was time equivalent to Wave 1! I closed both SPY longs and reversed trade with initial short position. So far the patterns have been very well defined and if this is Wave 3 down should offer some places to add. Already the first impulse off the Wave 2 high shows clears 5 wave impulsive structure, This should continue as pretty sharp move down as 1 of 3. But the real fun will be the 3rd of a 3rd. Still need some confirmations but so far in EW terms this has behaved very well. Good luck and trade safe! Great chart. Keep us posted when you think the 3rd of a 3rd starts. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 1, 2018 Report Share Posted March 1, 2018 RUT broke key support yesterday. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 1, 2018 Report Share Posted March 1, 2018 Watching SPX today. A break of 2690-2700 and it should be a quickly fast ride to 2600. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 1, 2018 Report Share Posted March 1, 2018 The 2600-2690 area is what i call the elevator zone. You don't want to get caught on the wrong side of the trade. Link to comment Share on other sites More sharing options...
Jorma Posted March 1, 2018 Report Share Posted March 1, 2018 I know this fundamental stuff, a huge Treasury settlement, isn't of much if any use for short term trading purposes but still, today's $58B in T Bill supply should be noted. https://www.treasurydirect.gov/instit/annceresult/press/press_cashpydwn.htm Link to comment Share on other sites More sharing options...
zero_value Posted March 1, 2018 Report Share Posted March 1, 2018 SP Elliott Wave Update : Wave 2 appears complete, it hit precisely the confluence where Wave C = 100% Wave A extension AND 76.4 retracement of Wave 1 down. Wave 2 also was time equivalent to Wave 1! I closed both SPY longs and reversed trade with initial short position. So far the patterns have been very well defined and if this is Wave 3 down should offer some places to add. Already the first impulse off the Wave 2 high shows clears 5 wave impulsive structure, This should continue as pretty sharp move down as 1 of 3. But the real fun will be the 3rd of a 3rd. Still need some confirmations but so far in EW terms this has behaved very well. Good luck and trade safe! Helpful BB, 3rd of the 3rd *should* put this mess in the first real Bear in 10 years....so so long.... Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2018 Report Share Posted March 1, 2018 They're having fun picking off stops today and the past few days. I got smoked. This is turning into a meat grinder trading range. Great for day traders, death for longer swing traders because of the whipsaws. Link to comment Share on other sites More sharing options...
Jorma Posted March 1, 2018 Report Share Posted March 1, 2018 They're having fun picking off stops today and the past few days. I got smoked. This is turning into a meat grinder trading range. Great for day traders, death for longer swing traders because of the whipsaws. At least the market is moving like a market. You know? Up and down. Not in those days long forced marches higher. Link to comment Share on other sites More sharing options...
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