[/B] Oh I never said that, I just don't use them and have never studied them, so I welcome anything from which I and others can learn, Elliot Wave and all!

US and Euro stocks mounting one more rally before crashing?

Thanks Medici, I had noticed, and I agree with you that the correction might be over at least the aggressive upside we've seen in the run up to these levels, but I don't see it turning straight back down yet, rather I see a period now of sloppy, ...

US and Euro stocks mounting one more rally before crashing?

For a day trader, to whom I am assuming this thread is dedicated, capturing or hoping to capture 20 to 100 pips on a single trade, fundamental analysis is redundant, 100%...how could it possibly be useful? The route to success lies in one's ability ...

Is Fundamental Analysis Really Useful For Forex Trading?

With the Dax having struggled to get above 11,000 for so long, now it's struggling to get below it again. Funny old game this!

US and Euro stocks mounting one more rally before crashing?

As Dow loves to do, it has jumped right back up, so really could go either way now. Momentum on Dax though still very much down, but it could rally off of this h1 100sma support level up towards S1, perhaps a bit higher.

US and Euro stocks mounting one more rally before crashing?

Dow has halted on S2 but I don't see why it would stop there, so S3 which is right on top of the H1 100sma looks like a logical place to aim for. Dax however is on its H1 100sma right now, which is also today's S2 pivot, so if Dow takes another leg ...

US and Euro stocks mounting one more rally before crashing?

The girls are tumbling!!

US and Euro stocks mounting one more rally before crashing?

I don't trade off it, but it's a key tf for me so I have it open all the time.

US and Euro stocks mounting one more rally before crashing?

Definitely. If an aspiring trader cannot maintain the same discipline on demo that is required to trade and make money on a live account, then he/she is a failure waiting to happen.

How many of you, still prescribe demo trading to others?

The Dax is indeed coming off its Daily 100sma, which, combined with the 76.4% fib retracement from the Dec 3rd high, was always going to be a potentially strong resistance level, and so it is proving to be. The lower this drops today, the greater ...

US and Euro stocks mounting one more rally before crashing?

US holiday tomorrow, but markets will definitely move. The Dax is close to its Daily 100sma, which i have at 11,300, and this could potentially be a strong resistance level. Despite Fridays incredible rally on the Dax, this correction in what is ...

US and Euro stocks mounting one more rally before crashing?

So call it then wise guy. If I'm going to be wrong, then you are obviously going to be right, or why else would you have bothered commenting on this thread in the way you have. Where are the big US indecis - the Dow, S&P and Nasdaq going, how far, ...

US and Euro stocks mounting one more rally before crashing?

I suggest you screw your head back on so that it's facing the right way, and then go read this thread from the beginning.

US and Euro stocks mounting one more rally before crashing?

What is your point?

US and Euro stocks mounting one more rally before crashing?

Just hold onto those instincts - you'll go far my friend!

US and Euro stocks mounting one more rally before crashing?

We have just seen, the biggest single four working week rise in the Dow Jones and S&P 500 in stock market history, or at least back as far as my charts go which is 1970, maybe not % wise, but certainly in pips. It has been an incredible rally by any ...

US and Euro stocks mounting one more rally before crashing?

Remember 2008, to which I have compared what is happening today. After the January dead cat bounce off the lows, there was a five month period where the markets rose and fell, pretty much moving sideways, until May, when the big falls began again. ...

US and Euro stocks mounting one more rally before crashing?

67,4% just above at 262. It's on steroids today.

US and Euro stocks mounting one more rally before crashing?

Well, so far at least, it is doing what I expected it to do, with the Dow only having just entered into my critical zone. It is still very much in the pullback territory of a bear market. Only if the Dow begins to climb above 25,000 will I begin ...

US and Euro stocks mounting one more rally before crashing?