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DaddyBear replied Jul 2, 2012A rate hike is out of question. So no cut is bull's only hope. On the other hand, no cut has been priced in. Anything more than 0% or RBA's dovish statement will give bear strong tailwind.
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DaddyBear replied Jul 2, 2012Last time the market expected a 0.5% cut and got 0.25%. This time the market expects no cut. What if RBA uses the 0.25% leftover and cut accordingly?
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DaddyBear replied Jul 2, 2012If you cannot express your EW counts in a diagram, you might not have a good understanding of EW. There are some Aussies EW counts websites. Do your own due diligence. If you can mark your questions on a diagram , I may be able to pinpoint that ...
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DaddyBear replied Jul 2, 2012AP, there is no bull wave or bear wave. You have to study the principle and figure out the waves. At that point, I may be able to share my view with you. If I tell you now it is Wave-X, for example, you would not understand what I am talking about.
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DaddyBear replied Jul 2, 2012The same guy showed up at DaddyBear's front door and kept ringing the doorbell .............. Don't know how to deal with this guy........... Attention: DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they ...
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DaddyBear replied Jul 2, 2012I was answering arcticpolar's question. If you were unable to help him, please do not interrupt. We are here to help each other. Don't you agree? Writing a message such as "omg do u ever shut up lol" or "rofl" do not help anybody but only show one's ...
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DaddyBear replied Jul 1, 2012Read the book I recommended to deepsi128 before you try to count anything. No pain no gain, young man.
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DaddyBear replied Jul 1, 2012Pip Boy, you asked a good question. To be honest with you, I don't have the ability to "foresee" market next move. What I have done is "projection". I identified market move patterns based on EW Principles. History repeats itself, so does the ...
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DaddyBear replied Jul 1, 2012Yes. Robert R. Prechter's' book is the best. When you understand EW principle thoroughly, you will stay ahead of the curve most time. -IMHO-
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DaddyBear replied Jul 1, 2012When the US and Europe are slowing down, so is China. When China is slowing down, so is Aussie. -IMHO- Attention: DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
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DaddyBear replied Jul 1, 2012Pip Boy, my best wishes to you. May you make tons of green pips this week.
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DaddyBear replied Jul 1, 2012The bear jointed Bulls' happy-hours party and kept telling bulls the story of "Wolf's Coming!". But, the wolf never showed up until....... Attention: DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't ...
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DaddyBear replied Jul 1, 2012Looks like the double Fibonacci Numbers are holding up bull's advance like a stonewall so far. However, it still has a long way to go to the 1.0184 target of 1stECN and Co. May be by the time of London Open, we will see this mysterious number coming ...
AUD/USD