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SPDR Dow Jones Industrial Average ETF Message Board

tony.paganini 69 posts  |  Last Activity: May 20, 2016 11:21 AM Member since: Mar 12, 2010
  • tony.paganini tony.paganini Mar 14, 2016 5:24 PM Flag

    Looked at the chart again, maybe this is obvious but it seems USD is dependent on FOMC meeting results. Right now USD/JPY is holding steady though I assume there will be serious movement this week.

  • tony.paganini tony.paganini Mar 14, 2016 2:48 PM Flag

    USD/JPY still trading sideways since Feb 11 16. Hasn't broken in either direction. Appears to favor a downside resolution. Still waiting.

  • Reply to

    WORLD EQUITIES

    by tony.paganini Mar 11, 2016 2:04 PM
    tony.paganini tony.paganini Mar 12, 2016 1:32 PM Flag

    1. Observe FOREX pairings USD vs. TRY, CAD, SGD, DKK, THB, CHF, HKD, CZK, etc... or conversely AUD/USD, GBP/USD, EUR/USD. The dollar is being destroyed vs. world currencies. (A prime e.g. USD/JPY watch for the break.) 2. World equity markets vs. US equities markets. As usual, US equities are pumped up on steroids & crack. It’s foaming at the mouth sprinting yet again for new highs in an over-exaggerated rally. Problem; it’s going to have a heart attack. The world indices are the litmus for a truer reality of world economic conditions. Observe their daily charts (SSE, HSI, Nikkei, DAX, IBEX, FTSE, etc…) and you will see that all continue to trade within a long term down trend. Few have rallied coincident with US markets as of late and are tempered in terms of percentage gains. How long before they turn again and continue to decline? Correlate Shanghai vs. S&P and you will see the exaggeration US markets have made in the past and you’ll know; when the Shanghai breaks it will precede the US downfall exactly as it has done before. 3. The Elliot Wave Count Down – As expected recent trade action is officially a corrective wave 2 which is the final convincing counter-trend up-move that makes everyone believe that the markets are OK again. It’s safe to get back in! BUY, BUY, BUY! Can you feel it? Of course you can along with the shorts getting squeezed like lemons further fueling the rocket of doom… Giddy children on a roller coaster slowly being hauled to the top of an unstoppable gravity driven cliff drop. The exuberance NOW is the party at its peak when everyone is drunk completely forgetting that what lies ahead is the hangover of the century…. Prepare yourselves for the ultra-aggressive 3rd impulse wave down which will most certainly break (in short order) the lows of 2016, 2015, & 2008. You’ll know when you’ve been had when you can’t stop buying because prices are so cheap and the market just can’t go down any further but does for years and years to come… Game over.

  • Reply to

    WORLD EQUITIES

    by tony.paganini Mar 11, 2016 2:04 PM
    tony.paganini tony.paganini Mar 12, 2016 4:32 AM Flag

    1. Observe FOREX pairings USD vs. TRY, CAD, SGD, DKK, THB, CHF, HKD, CZK, etc... or conversely AUD/USD, GBP/USD, EUR/USD. The dollar is being destroyed vs. world currencies. (A prime e.g. USD/JPY watch for the break.) 2. World equity markets vs. US equities markets. As usual, US equities are pumped up on steroids & crack. It’s foaming at the mouth sprinting yet again for new highs in an over-exaggerated rally. Problem; it’s going to have a heart attack. The world indices are the litmus for a truer reality of world economic conditions. Observe their daily charts (SSE, HSI, Nikkei, DAX, IBEX, FTSE, etc…) and you will see that all continue to trade within a long term down trend. Few have rallied coincident with US markets as of late and are tempered in terms of percentage gains. How long before they turn again and continue to decline? Correlate Shanghai vs. S&P and you will see the exaggeration US markets have made in the past and you’ll know; when the Shanghai breaks it will precede the US downfall exactly as it has done before. 3. The Elliot Wave Count Down – As expected recent trade action is officially a corrective wave 2 which is the final convincing counter-trend up-move that makes everyone believe that the markets are OK again. It’s safe to get back in! BUY, BUY, BUY! Can you feel it? Of course you can along with the shorts getting squeezed like lemons further fueling the rocket of doom… Giddy children on a roller coaster slowly being hauled to the top of an unstoppable gravity driven cliff drop. The exuberance NOW is the party at its peak when everyone is drunk completely forgetting that what lies ahead is the hangover of the century…. Prepare yourselves for the ultra-aggressive 3rd impulse wave down which will most certainly break (in short order) the lows of 2016, 2015, & 2008. You’ll know when you’ve been had when you can’t stop buying because prices are so cheap and the market just can’t go down any further but does for years and years to come… Game over.

  • tony.paganini by tony.paganini Mar 11, 2016 2:04 PM Flag

    March 11 2016 could go down in history as the beginning of the end for world equities. .

  • tony.paganini tony.paganini Mar 5, 2016 1:59 AM Flag

    yes, but not according to the news,,, what's forthcoming is the 'true' disaster of which all blame will be assigned. this is nothing less than diversion on a grand scale and like magic the masses won't see the trick.

  • tony.paganini by tony.paganini Mar 4, 2016 10:51 AM Flag

    Gold prices developed a rounded bottoming formation from dates ~ 10/28/15 to 2/11/16. A double bottom occurred per the 12/3/2015 and 12/17/2015 session lows. On the daily charts trading from 2/11/16 thru 3/2/2016 formed a textbook bull pennant formation and confirmed resolution to the upside per the close of 3/3/2016. Currently gold is in a continuation phase that should initially target the session highs of 1/22/2015 (GCM16 1309) however a measured move which considers consolidation a midpoint should target prices considerably higher; all subject to failure and/or change.

  • tony.paganini tony.paganini Mar 4, 2016 9:30 AM Flag

    only means one thing; major disaster ahead....

  • Reply to

    Retracement

    by tony.paganini Feb 22, 2016 2:39 PM
    tony.paganini tony.paganini Feb 25, 2016 2:30 PM Flag

    Not that easy!. USD/JPY may have a double bottom at 111 per the 2/11/16 & 2/24/16 lows. The pullback since 2/15/16 appears to have formed a bullish channel however has not yet broken to the upside. If the break occurs a target of ~ 116 is likely since it was previously support per the 8/23/15 and 1/20/16 lows. I'm expecting a move higher for the USD in correlation with the US markets which should target ~ 62% fibonacci retracement. Elliot wave enthusiasts may classify this move if/when it occurs as an official corrective wave 2 and if they are correct the US stock market is officially in a downtrend. Impulse wave 3's are powerful and considering the magnitude of this bubble 'powerful' could be an understatement of the next leg down.

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