S&P 500, Is her peak 2100 is near?? and her prominent crashing to BELOW 1500 in next few months from now ??

Pls look at the BELOW chart for S&P500

http://gyazo.com/8df8485e6cc29b234f1410811a36a767

From my chart you can see that we are only couple of months away to form truly generational "TOP" that really is unlikely to be retested for more than generation. In fact we might spend another 15-20 years or so cascading down before forming a lasting low at a level likely below 2009 low near 650???. is it crazy ??

So the wind will change may be by Early Sept to late October with SP500 hitting 2000 zone and could spike into 2030 area.

Could the end of Tapering and prospect of rising interest rate be the catalyst? I wonder.

Likewise could Gold bottom by then ???

Happy trading

Gold, will it go Down to USD 1000 near terms ????

Pls look at the Gold chart below,

http://gyazo.com/ffe864a4d8d99d837dad6fc7ff5919f6

with the complete overview from Sept 2011 high I am concluding that we are still in larger Wave 4 correction forming 1st Zigzag to Dec 2011 low followed by wxy move to October 2012 high as larger X wave.

Since then we have 5 wave decline to June 2013 low as wave A, followed by a triangle to recent high forming wave B and now we could be in early development of wave C unfolding in 5 wave decline. Hence new downside target could be well below last 3 lows namely 1100 as conservative or even 1000 as round number. This could be the despair phase leading to potential "beheading" low...... oooh , dear

Upon completion of this double zigzag we should resume the major uptrend to retest Sept 2011 high or make new higher high.

This is in contrast to many Elliotwave Analyst expecting this entire move from Sept 2011 high to be 5 waves decline suggesting a multi year sideways to bearish decline.

Please do note that before you decide to trade Gold, You are advised to do your own analysis , my view above can be wrong too.

Happy trading

bye, sayang

sayang, don't say that, the first is the Queen always maah......., top priority always .... i am not joking lah....

sayang, i hv to go out now for some assignment( I am still in Singapore), will see you soon , do take good care of yourself .. and wishing you be happy sand beautiful always.... bye.... first

i will start something interesting in your tread next week.... i don't tell you now,.... so that you long for my presence here.... hihihiii

connie ,

you want to beat the Sumatec thread kah....?? ok, i will try to promote your tread kuat kuat lor..... hihi,

connie , wow, pandai you sayang, the Chemical reaction is Themodynamics, the third law of entropy applies lor...... hihi, clever girl, I read you all.....

Ghost stories will make sure that You will not stay at home maah...... so that I can see you more outside maah,.....

but what's happening to abang Duit ??? , I will be back to KL this Sunday from Singapore, I may want to see him maah..., hihiiii

is that froggy style ?? but that i MUST GO FOR TUITION LAH..... hihiii

connie , sayang, no free style kah ?? what is your preferred style then?? let me know maah..... hihii

connie

Aiyooo, tonight is Friday lor..... go and cool yourself mah, don't stay at home reading love stories.... one day i will send your some ghost story , it is better.. hhaahaha,,, good day and bye, dear

fyh30 ,
damagpie ,

Trailing stops is normally referred to a technique by raising up your stop loss level for a bullish ctr so that you may ride the Bullish waves further.. in order to preserve your profits and gain more... E.G. now if your TP for fitter is 1.3000, and if you think Fitter can move much higher near term, Then you may put your stop loss near 1.270 , and then If Fitter can go to 1.35 next week, then you may raise your stop loss to 1.3200 , and so on... etc etc,,,,,
happy trading

sephiroth , so fast cabut kah ?? hihiiii

connie ,

your Fitter baby is really fit maah.... hihiii

sephiroth ,

I hv no notes to count lor, only can see the 00s on the summary in my laptops maaah... lor....

sephiroth ,

wow, no joke, you are billionaire lor...... really using counting machine kah ???

sephiroth , no need hands for counting, use the banker's counting machine is faster..., hihihiiii

connie, 1.35000, follows by 1.4000.. use trailing stops to preserve your profits and ride the wave maah....

fyh30 ,

Fitter is one of my longer term babies lor......, no day trading maah...

fyh30 ,

hihihiiii......

sephiroth , CAN COUNT PURPLE NOTES LOR...

connie,

the Budda jumps over the wall of 1.300000m lor //// FITTER ???

CONNIE,

apa macam sudah untung kuat kah ??? hihi, just hv a nap lor...... how is Bursa market ?? Tonight Queen of Fed Yellen will give a very important speech , giving clues on the timing for the adjustment of Interest rate .... it may affect the entire world lor...... hahaha,, Queen is very powerful maaah....

blteo1 ,

I trade mainly Futures (s&p, djia, dax, cac, Ftse...... , and Forex ..... not so often on individual stocks.

tech indicators are currently weak, I doubt the 0.9200 support is good, but just watch it ........ carefully

connie ,

what time frame You are using for EW ??

fyh30

today no day trading.... no pick today lor.... go shopping and relax lah..... hihihii

Mitra near term support is 0.80000 , i may consider to buy some near there

connie ,

I hv no mitra,... it is a good ctr, with healthy Fundamentals

fyh30 ,

today no day trade trading for me ..., Bursa market is dull lor, but S&P may break 2000 tonight........ hahahah

connie ,

hihi, Budda will jump over the Wall maaah....... haha, Free Style lah is better, ...more variety lor.....

sephiroth ,

1.350..... , if possible 1.400

Connie, good morning...

Aiyoooooo, our baby is very fit fit........ in fitter lor.......

kuat kuat lah to you all

connie, you are naughty lor... FREE STYLE...... I like...

fyh30 ,

haha, like this morning we longed the PDZ and sumatec lor....

i hr is enough lah... Connie said I cannot short any more lor, sad sad lah... what to do ??

Connie,
For me , Morning 1 hr on Bursa is enough lor.....

I am swimming on my bed lor, as Tonight hv to monitor EU/US markets mah,,,, haha

connie,

busy counting Purple notes kah ?? hihii,

US dollar rally started on about July 10 and since then has gained at least 2.3% against every major currency except one – the Australian dollar. AUD/USD is still down 1.1% in that period but the relative resilience of the Aussie says something about underlying demand. As the NZ dollar extends losses across the board and breaks below a key trend line, our AUDNZD long pusjes further into the green.
The reason that betting on the second best performer in a trend is that the hot money tends to flood into the leader. In this case it's the US dollar and on some metrics that moves is beginning to look overdone. When the inevitable correction comes, second best is the safe place to be.
Last night, , the US dollar continued to outperform following the FOMC minutes. The knee jerk came on headlines that said “many” Fed officials said job gains could bring a sooner rate rise. The market generally moves on the headlines and looks deeper later. The actual text was more nuanced saying that “if” progress toward objectives was quick “it might” be appropriate to hike sooner.
In any case, the market voted for the US dollar, sending USD/JPY to 103.85 (near the April high) while the euro and cable continued to trace out cycle lows.

We argued for US dollar strength early in the week but the market will now laser in on Yellen's speech and the dollar bulls sitting on profits are likely to head to the exits.

AUD/USD is one spot a retracement could materialize but in the short-term the risks come with the HSBC China PMI at 0145 GMT.

I hv just closed trades on PDZ and Sumatec, and now go for my breakfast.... to be back in the afternoon,

Happy trading

i do read you all

ok, ok, i will try very hard lor............, First

connie

ok, ok,,,, sure I do pray hard for all to make monies...... I shorted the ctr which was dumped by ALL maah,.......

Hai, your jumping boy Frontkln is recovering lor... hihi,,

happy trading

connie ,

ok, my first, I will reduce lah.... Pls watch Tenaga.... any time can go sky high or being dumped...... Announcement on Tariff increase is be any time lor......

connie ,

best ctr yesterday is SUMATEC.......... , alam triggered, shorting all the ways...

see you later,

happy trading

trustme932 ,

Aiyoooooo, you go higher level now lor......

connie,

good morning, haha, unreal ? monies taken in minutes,.... hihi, now can go breakfast lor...

Asia futures now open in Positive mood,.... korea, hong kong, autralia, Neikki, Autralia........ are all god good positive,

Bursa shall be still Positive today lor

Happy trading

Today I am watching Tenaga, and no stock pick for now until Bursa opening shortly