Ongoing Discussion
Here is the comment section for the entire site. You can subscribe to comments on this page and stay updated with the discussion throughout the day.
Don’t forget to use the chat box in the sidebar, it works a lot better than visiting this page.
July 5th, 2009 at 10:37 pm
Welcome to the new discussion section.
July 8th, 2009 at 9:26 am
Have a great trading day everyone!
July 9th, 2009 at 11:24 am
We gapped up this morning, where is our bounce?
July 9th, 2009 at 11:57 am
i’ve noticed that short time frames can be misleading often times…
do you think you could post a “weekly” type of report?
or something with a longer time frame?
If I’m not mistaking you’re expecting the market to drop a bit more in the next few weeks, ha?
thanks a bunch for all the valuable advice..
July 9th, 2009 at 2:32 pm
I agree. I like how in certain posts you mention the daily forecast as well as the short term, intermediate term and long term predictions.
July 10th, 2009 at 8:03 am
Mega, I think your short term recommendations leaving too much room for interpretation, in my view (and I have to confess , Im not very experienced in EW theory;)Could you add, as a summary , what you think the most likely scenario for the daily action, resulting from your analysis? Would be even more helpful!
A good example is , what you have posted today for the NASDAQ section.
Thx, Paty
July 10th, 2009 at 11:31 am
Guys I mention intermediate and long-term analysis every day for subscribers. I could make it available for you once a week.
Paty, I am specific when the days action is clear. When we could get more upside before going lower, I say so too. Labeling the price action of the day with elliott wave is just about as specific as you can get. There is absolutely no-one that knows at all times exactly what the market action will look like in one day.
I do hope that it is very clear where I stand on the intermediate and long-term. Bearish, bearish.
September 4th, 2009 at 12:29 pm
http://www.megacyclesanalysis.com/page/22/ – at some point on the page you say “We are here” and warn of a large drop…
What’s your position now?
September 8th, 2009 at 11:31 pm
Bogdan, your link doesn’t work. I assume this is the chart you meant.
My outlook for the grand super-cycle (last three hundred years) has absolutely not changed because of the action of a couple of weeks. We are still there.
As a matter of fact, this rally, is likely a re-test of the super-cycle trendline as resistance. (It is currenly a little higher than the price on the S&P).
http://www.megacyclesanalysis.com/page/23/.
September 10th, 2009 at 5:24 pm
I think that’s the link but it doesn’t work for either of us
I thought so… I’m expecting the bust to happen within 45 days but again, it may take longer
We’re going to have some interesting 12 months ahead..
November 2nd, 2009 at 9:27 am
Have an awesome trading day everyone!
November 2nd, 2009 at 11:48 am
Not able to see the comments section, even after logon.
November 2nd, 2009 at 3:57 pm
Don, can you email me your username? I’ll fix it for you.
November 2nd, 2009 at 4:04 pm
Nevermind, you’re all set.
November 2nd, 2009 at 4:05 pm
Mega, is there an e-mail address in order to contact you? I am unable to find this contact information on the site. I had registered as a free membership. Perhaps that has something to do with it.
November 3rd, 2009 at 9:21 am
megacycles.wordpress@gmail.com
November 3rd, 2009 at 9:47 am
We could see GLD at 130 if people keep buying as a safe haven.
November 3rd, 2009 at 10:15 am
Good thing I own some coins.
November 3rd, 2009 at 11:23 am
I still say we go to 1200 before any substantial correction.
November 3rd, 2009 at 12:51 pm
We could be developing a head and shoulders on the two day chart. Especially if we move to 1040.
November 3rd, 2009 at 2:30 pm
No impulses down yet.
November 3rd, 2009 at 4:26 pm
We either had an impulse now, or a wave A.
November 4th, 2009 at 10:18 am
Mega, I’m able to post a comment on November 3rd, but not November 4th. Can you check into that?
November 4th, 2009 at 11:33 am
1/4 short.
November 4th, 2009 at 1:12 pm
Covered my short. +.5%
November 4th, 2009 at 1:58 pm
Good job, Whisk.
November 4th, 2009 at 3:43 pm
Thanks. 1/2 short again.
November 4th, 2009 at 5:00 pm
Sold my TZA +3%.
November 4th, 2009 at 5:02 pm
Good work, Whisk!
November 4th, 2009 at 5:05 pm
I sold my SSO just in time.
November 5th, 2009 at 10:00 am
http://www.etfmentor.com/five_characteristics.html
November 5th, 2009 at 10:01 am
http://www.freestockcharts.com/?WatchSP500Video
November 6th, 2009 at 8:53 am
Unemployment at 10.2%
November 6th, 2009 at 1:37 pm
Unemployment at 10.2% let’s rally till it’s 21%
November 6th, 2009 at 2:27 pm
The market has decoupled from reality. I better buy some real assets before we get hyperinflation or hyperdeflation. I don’t know of any other outcomes to mass ignorance.
November 6th, 2009 at 2:28 pm
And I don’t mean an apartment in some sprawled overpopulated city.
November 9th, 2009 at 2:41 pm
Went short. I hope I’m not alone in this.
November 11th, 2009 at 11:44 am
USD is tanking.
November 11th, 2009 at 2:24 pm
I am all in favor of cutting taxes but the problem is government spending.
Not a single country is the Eurozone is close to the 3% budget deficit pledge required to adopt the Euro. Does anyone think the Eurozone countries will adopt balanced budgets by 2020? I don’t but we can hope.
Right now, Europe, including Germany looks like a basket case except compared to the US and Japan.
Mish Shedlock
November 13th, 2009 at 12:41 pm
Got out yesterday at 1085. So far on a winning streak.
November 16th, 2009 at 10:39 am
I’m glad I own some physical gold.
November 16th, 2009 at 11:07 am
Watch to see if GLD breaks 112. Then the dominant trend is up, and after a pull-back your bullion will be worth a lot more.
November 16th, 2009 at 11:35 am
1/3 short.
November 16th, 2009 at 3:18 pm
Out of my short position with a profit.
November 17th, 2009 at 3:50 pm
Closing on the highs for the day.
November 17th, 2009 at 3:51 pm
Good work Madness. I can’t believe there this many madness’s on gmail.
November 18th, 2009 at 1:34 pm
if we go a little lower selling some puts could look profitable.
November 19th, 2009 at 9:12 am
Looks like we have a bear flag in amzn.
November 19th, 2009 at 10:16 am
Potentially developing an HS.
November 19th, 2009 at 11:13 am
OpEx everyone.
November 19th, 2009 at 1:22 pm
I still think we will see more inflation. At least here (I’m planning on being around)
November 20th, 2009 at 9:30 am
1084 was the low for futures.
November 20th, 2009 at 10:42 am
1/4 long.
November 20th, 2009 at 2:05 pm
Sold for a small profit.
November 23rd, 2009 at 11:33 am
We could have a double bottom at 1088 with a mountain top at 1114.
November 23rd, 2009 at 11:39 am
We’re probably targeting 1135. (Stop the bears out above 1130). After that I expect a gap cover at 1000.
November 23rd, 2009 at 11:43 am
You’re probably right, but we could still be in a wave 2 up. For now, I’d watch that mountain top.
November 23rd, 2009 at 11:45 am
By the way it looks like we have five waves down with a fifth wave ending diagonal.
November 23rd, 2009 at 11:46 am
We should at least get one more move lower. Lets watch and see if the 5dma holds as support and if we get a strong and powerful third wave lower. if not, it will be a buying opportunity.
November 23rd, 2009 at 11:48 am
Madness has converted to the bull camp. We must be forming a top.
November 23rd, 2009 at 11:49 am
I just think we could inflate some more before peak oil gives us a reality check.
FYI I try to remain unbiased
November 23rd, 2009 at 11:53 am
” just think we could inflate some more”
Yes.
November 23rd, 2009 at 11:55 am
I didn’t mean that as a good thing.
November 23rd, 2009 at 11:56 am
I did.
November 23rd, 2009 at 12:05 pm
We could be developing a large scale inverse HS with a neckline at 1112-1113
November 25th, 2009 at 12:04 pm
Great advice!!!!!!!!!!1 Lessons from Paul Tudor Jones
http://ow.ly/FA7j
November 27th, 2009 at 8:44 am
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1qw_RPdWcCE&pos=1
http://finance.yahoo.com/news/Dubai-woes-hit-world-stocks-apf-492603705.html?x=0
http://gicharts.blogspot.com/2009/11/dubai-castle-built-on-sand.html
http://gicharts.blogspot.com/2009/11/dollar-is-baaaaack.html
November 29th, 2009 at 9:23 am
UK Lloyds bank is begging it’s shareholders to buy shares. Financial way down http://finviz.com/groups.ashx
November 30th, 2009 at 12:44 pm
Pretty corrective upside so far. We should at least see another wave lower.
December 1st, 2009 at 4:06 pm
It’s not a gap and crap yet, but we are looking overbought.
December 1st, 2009 at 4:06 pm
It’s always dangerous to close under resistance.
December 2nd, 2009 at 2:19 pm
Corrective both ways really.
December 4th, 2009 at 5:18 am
Watch the numbers and weep or tweet?
Date Time Release Impact For Actual Expected Prior
Dec 04 8:30 AM Nonfarm Payrolls Nov – -125K -190K
Dec 04 8:30 AM Unemployment Rate Nov – 10.2% 10.2%
Dec 04 8:30 AM Average Workweek Nov – 33.1 33.0
Dec 04 8:30 AM Hourly Earnings Nov – 0.2% 0.3%
Dec 04 10:00 AM Factory Orders Oct – 0.0% 0.9%
December 4th, 2009 at 9:55 am
Great news. now will traders expect rate hikes?
December 7th, 2009 at 4:20 am
Good news I can now concentrate on business.
December 7th, 2009 at 4:23 am
Just wait till interest rates and taxes go up so government and banks can get more money to give to the banks which just got even bigger to fail, once this retest 666.
Imagine there’s no heaven and unemployment grows and interest rate dance along side.
December 7th, 2009 at 8:22 am
Mega, can’t log in this morning. If my run is done thats fine just let me know.
December 7th, 2009 at 8:51 am
Chris, absolutely not. You should have a username and password in your email Thanks for the contributions.
December 7th, 2009 at 11:50 am
# Scott Adapts Says:
December 7th, 2009 at 11:11 am
Some say YGE is oversold http://www.chinavestor.com/technical-analysis/overboughtoversold/71195-watch-out-for-momentum-china-stocks-on-monday.html
LDK has still been playable.
And what about that climate summit:
http://finance.yahoo.com/news/EPA-Greenhouse-gases-endanger-apf-797150157.html?x=0
# Scott Adapts Says:
December 7th, 2009 at 11:49 am
Report: Proposed emission cuts close to what is needed
http://en.cop15.dk/news/view+news?newsid=2850
December 10th, 2009 at 4:08 pm
More ABCDEs
December 10th, 2009 at 4:08 pm
I thought I had mine down already.
December 11th, 2009 at 11:48 am
We have a potential HS, but are at 1101 support.
December 14th, 2009 at 12:48 pm
1/3 short.
December 15th, 2009 at 2:09 pm
We have a potential double top in the last two days. not in play yet.
December 15th, 2009 at 4:10 pm
We covered the gap
December 16th, 2009 at 4:09 pm
And we’re back within the trading range.
December 16th, 2009 at 4:10 pm
The goal must be to see how close together the bollinger bands can get.
December 20th, 2009 at 12:41 pm
With failed crops, farmers across the Midwest are bankrupt, and so are their banks. This is especially important considering that the FDIC is out of money. Every bank failure is now being financed with the immediate sale of treasuries.
Whether the US choose to bail out Midwest banks with billions of emergency aid for bankrupt farmers or finances the FDIC takeover of their banks, the outcome will be the same. The enormous quantity of debt which the US will need to sell to finance emergency aid and resolve bank failures in the Midwest will pressure an already collapsing market for US treasuries.
chrismartenson.com
December 21st, 2009 at 12:37 pm
Not an ending diagonal again.
December 22nd, 2009 at 12:17 pm
Hope everyone has a Merry Christmas and Happy New Year.
December 23rd, 2009 at 10:12 am
Mega, I have sent you an urgent email message. Please let me know if you have received it. Thanks!
December 23rd, 2009 at 10:31 am
Mai, I have. I am looking into it. Give me a couple of hours.
December 31st, 2009 at 1:32 pm
Happy New Year everyone!