WOWsers, Traders. I hope you were wearing your seat belts today, it was a bumpy ride. Uncle Carl Icahn crushed the bid in Apple, but lucky for us we were already short and made some scratch on the day. Some serious tests of Fib support are in our sights tomorrow and will determine if we’re going to breakdown for good, or this is yet another 3-wave corrective head-fake. Also watching the USD/JPY forex rate as a break of 108 is a major warning shot across the bow.
You came yesterday to cnbc.you mentioned we need to
Buy calls.if you do not know anything please shut your ass.please do not misguide the people by coming to cnbc
Hi Ravi,
Thanks for the constructive and intelligent response. But I’m confused, where did I say in here to buy calls? In fact when asked by Brian Sullivan where the market is headed, i did “shut my ass” and said I’m not really where the market is headed.
http://tradinganalysis.com/todd-gordon-on-cnbcs-squawk-box-discussing-crude-oil-the-fed-and-market-direction/
Todd Gordon is awesome, best badass elliot/Fib guy in the world. 61.8% of people cannot think on their own,38.2% can,50% of people need to show others respect.
Let’s just say it now AAPL60.
Ha, oh lord. I hope it doesn’t come to that. It’ll be anarchy as 2009 is SO fresh in our minds.
Oh you might as well add Nflx to 60.
ditto.
Got confused on the Elliot wave. Is SPX heading to 2046 or rebound from 2062 to 2116 ? THX
No worries. I see 2 possible scenarios.
Scenario #1 – If we break down to 2066 and the support holds, we’re most likely headed back to new highs and this is simply a correction.
Scenario #2- If we break down to AND THROUGh 2066 we’re then headed to 2046 setting up a small bounce in wave 4, to then see a break towards 2000.
I always look at the markets as 2-part conditional statement. If A happens then do B. If C happens then do D. Cool?
there is always 2 scenarios, but how to trade? should i buy bounce when price goes to 2066 or wait for price to break down 2066 and sell the small bounce wave 4?
we always can find scenarios, but how to react?
Can you give more detail on $/Y?
Sure, but what specifically are you looking for?
Trying to understand why / or if it is risk off? What is relationship between ¥ and us treasuries?
Hi Todd!!!
First of all, I want to thank you for taking your time to explain your point of view.
What do you think about today SPY drop?
GOD bless you.