Tag Archives: DJI

Will the DOW hit 21,600?

Will the DOW hit 21,600?

For a couple of years I said it may hit 19,235 but never really thought it would, however Fibonacci levels said it would using the basic points of support and resistance.

I also drew out rising trend lines when the DOW reached Rhythm 7 and thought no way….  I have been wrong many times, am I wrong this time?

Using the power of 3, I notice various commentators use this and therefore cannot credit the first person to discover it. Applying power of 3 to the DOW we see below in the first chart the DOW has exceeded the power of 3.

dow-power-of-three-wrong

 

We can see that this is wrong as the market has already exceeded the power of 3.  However if we increase the size to take into account the Rhythms of 1,2,3,4,5 and 6 we have a different outcome. See below. Rhythms 1,2,3,4 not shown

dow-power-of-three-correct

 

Now the trend line is important it is how I was able in May 2011 call the High in the Mining industry Gold and Silver Markets.  The Vertical intersecting line provides a probable date and that date is 25/07/2017.

We are in Rhythm 9 and within that Rhythm we are in Rhythm 7(s) (may be more than one). Number 9 is the top of the Humanistic Behavioural Model of 12 rhythms.  The Gumm Rhythm.  It is commonly known as Triangulation. But not known as that in Financial Markets until I discovered it.  Elliot Wave is incorrect by 29%! Once the market gets to the top of 9 it will complete three rhythms down, of which will consist of 9 Rhythms.  Hence a overlapping interlocking mathematical system that blinds our whole universe together – not just the markets. Triangulation!

However I have seen many of these fail.  I.e. the 9th Rhythm does not get to the upper edge of the rising trend line.  There are many reasons for this. So let look at Gann’s Square of Nine Chart.  Something I am still figuring out how to use properly.

Starting at 6469 the Low of the Dow on the 6th March 2009 and using increments of 39, i.e. each square has a value of 39 points.

square-of-nine-21600

 

Now that is hard to see so we will zoom in a couple of times

Zoom1 – click on a chart to zoom in as well.

square-of-nine-21600-1

 

 

The Date at the top is the 26th July and the square is 21600

Zoom 2

square-of-nine-21600-11

The Dates down the bottom here are 6 March 2009  and 23rd of January.

So we could be looking for a top at any time, but probably between 23rd of January 2017 and 26th July 2017. And possibly at 21600 points using Fibonacci tool and the Power of three overlapping at the retrace-ment areas.

But if a very unstable world then it may fall short of the target and or dates.

We shall see!

 

 

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Joseph's_and_Pharaoh_Cover_for_Kindle (2)

A little over night Trade

A little over night Trade

key to profits

The key or your edge to Trading is knowing exactly where the market is.  Then enter at the best time you can as you have a life and may not be able to enter at the precise moment.

That is what happen with this trade I was in 5 hours before I wanted to be in, but I was busy so I entered the trade, knowing it was going to be underwater for a few hours.  Not Ideal but it was only a few cents on the Option so it did not brother me much.

Not including brokerage I used $2,100 AUD to buy some MAY CALL OPTIONS (i.e. Went LONG) market was 5800 odd and so I BROUGHT 10 with a STRIKE PRICE of 6,000  and I knew the market was about to going into Rhythm 5 notice this is before Elliot would not even be counting yet!  see page 72 of there book what they say is right is actually WRONG!

I got back $3,600 AUD when I closed them at 36 cents.  so that is 1,500 profit (excluding brokerage).  Brokerage was around $80.00.  (2,100/1,500) =  is 1.4 times.  OR

(1500/2100) == 71.42% profit

take 80 off for brokerage approx is

1420/2100 = 67.61% in 24 hours!

Why did I exit when there was more to go.

(1). Well it is Anzac Long weekend which means there is 3 days of Time Decay.

(2). Closest date options was MAY so not paying for time but still wary of it.

(3).  I like being out of the Markets on Weekends, so my brain is not thinking about positions much.

(4). With a profit of 67% in a day why would you leave it on the table for the Market to attack it?

You see you got to be Smart.  You Must realise you are at War the moment you put a trade live!

the markets go 24 hours per days and we as Humans were not designed for that.  That is another realm.

Below are the statements.  But to know where you are in the markets realise Elliot Wave Principle or Elliot Wave Theory is incorrect.  Even if you got it perfect you can only be 71% correct with Elliot wave and that is if you do not make a mistake and get it perfect!

So see my book buy it LEARN before you trade and LEARN as you TRADE so that you do not lose!

Statements – click to enlarge

OptionsStatement (2) april trade_Page_1

 

 

 

 

 

OptionsStatement (2) april trade_Page_2

 

No 1 market top secret for Christians 1  1.1 cover

Click on book cover to purchase!

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Uncommon Wisdom

Uncommon Wisdom =  5 Stars

Its not very often I receive great comments. I am not a writer. I just discovered the NO:1 Secret to the Financial Markets.   This comment “Uncommon Wisdom” is worthy of mention, it is exceptional!

18102014 review by verun sethi

 

Thank you Varun very much appreciated.

To purchase a copy of this book click here or on the cover below.

cover full size preview 2

 

Thank you once again Varun, for an exceptional comment. much appreciated.

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GOLD

GOLD

One of the people who have brought my Ebook, have worked out what GOLD is going down to.

He was correct on his calculations, he worked it out to be the same price I did a few months ago.  I may state the price here at a later date.  I will not tell you the price or how it is calculated because that would be unfair to those who are buying the book.

If you would like to know what GOLD is going to then you can simply work it out by buying my book.  I would like to even put a range on here but then why do that.  Struggling here to find the words and not tell you the price target.

I can tell you though it is much lower than the break even point of $1,100 AUD that the miners must make to make it profitable to mine the Gold in the first place.

Many of the Gold miners will go broke or just stop production,  Seems like a very good SHORTING play/trade to me although I  thought that when NCM reached $40.00.

Back 2.5 years ago in April 2011 I said to one of my clients the Mining boom is over.  He laughed at me, then come back to me at a later date a couple of weeks and said all his mates down the pub/club say I am a nutter for saying the mining boom was over.

Who was right in the end……..  I was precise  April 2011 was when the Mining boom was over

Yes GOLD is going much lower, you watch and see……

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