Well, we finally got our government to open again and the debt limit was again postponed. I'm glad both parties (dem and rep) got to some agreement otherwise, we would have gone in to some big dodo. I mean real crap! (housing loosing equities, countries dropping their debts, lots of lay off, i mean frigging chaos, etc). Anyway, the debt limit was moved for sometime in January i think. It may be another time to watch out for your investments. I would not buy a house at this times. I'm starting to guess what the next bubble will be to initiate the next coming crash of the US markets. Is it the tapering of the Fed by stopping money printing? Will it be the crash of Europe (they are kinda shaky; much better but still shaky). Or will it be the default of US debt in January or at the next postpone date if they do postpone again in say.... March/April? All right, i don't want to feel like a doomster here.
On the other hand, my 401k is rocking and over 20% now as of today. I'm getting close to my target of 24% by the end of year. I bought some longs at the lows of first week of October before the whole government drama. Google rocked the house today and profited 14% in one day! The shares topped $1000 per share and i'm reading in the trading community that they may get even higher! I'll see if i can buy me some GOOG at the next dip.
Laters
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My trading strategy and gains:
401k = 20.3% up YTD (90% invested on large caps). Projection by end of year is 24%
Brokerage = 16% up YTD (5% invested on double long ETFs) Projection by end of year is 28%
-- This is Market Analysis, not a recommendation.
Friday, October 18, 2013
Friday, October 11, 2013
My reply against another blogger complaining Caldaro's technical analysis
joseph3000 says:
Wow. That’s deep! I still like Tony tho. Is there anyone out there who is more accurate than Tony? Don’t think so… I’m a OEW graduate too and find this site more helpful than many others. Hope you didn’t miss this rally : ). Remember, this is not a short term/day trading site. Gl Erka
Monday, October 7, 2013
The Elliott Wave Theory
The stock market or us markets are a combination of funds, stocks, and many other means of investing. Many people and institutions from all over the world buy and sell in order to take a profit. Now, how do you take a profit or how would you know when to take a profit? There are many platforms, theories and indicators that these "people" or traders/investors use to ride the waves of money flow into the markets/funds/stocks. There is one theory i found last year that i'd like to share. I think it is very interesting. It is the Elliott Wave Theory.
The theory suggest that markets, funds, stocks (national or international), and even industry investments or minerals or anything we use (coffee, gold, etc), move in rhythms or waves to the upside or the downside. When i say that it/they move, i mean it/they move by price in longer periods of time. I won't explain in details how the Elliott wave works but you can look it up in Wikipedia or Google. Read it and you can learn when to take profits.
Over the past 4 or 6 years i have always interested in investing and growing my own money, my retirement account, my kids schooling, my housing investment. But, since last year that i found the Elliott wave and other indicators, i can feel that i am now in charge. I don't need a financial adviser anymore. I will only need to let the waves ride me through the ups and downs of the economical and political games.
So, i suggest you read about the theory (there are others but this one is better) and let me give you some other links from these professional analysts. Most of these analysts are advanced. They have many years in the us markets trading industry:
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A lot of counts from bloggers are in contradiction with Tony’s main analysis.
Tony has completely lost it.
His calls make no sense whatsoever, they are inconsistent.
He counts waves C as abc structures outside of the exclusive triangle formation when it suits him and when he is stuck with a count, in contradiction with all basic EW rules.
He maintains his inate call for P4 and P5 to end in a 3 or 4 months.
He has major waves lasting a few weeks and Intermediate a few months.
All this time he has been praised for correctly deciphering when in fact his great strength is too appear to quickly adjust when he makes a bad call which happens more often than not.
His pivots only work randomly. The latest market end points: 1726 and 1640 are outside of his pivot range.
This site and this method is a fraud and the current market moves are exposing it as such on a daily basis.