This might help u to decide where is the bottom and whether it has bottomed or
isn't, but this came from one of my idols who trades the market; Robert
Prechter, one of the best futures traders in the world and he is using Elliot
Wave for his trades. You can even find and read about him in the Elliot Wave
section inside wikipedia.com.
Time to 'Cover' One of the
Biggest Trades of All Time
At the end of trading on Monday, Feb. 23, 2009, Robert Prechter closed
the most successful trading recommendation of his 30-year career. His
advice to "cover" the position came near the end of the trading day,
when subscribers received the February 2009 issue of his Elliott Wave
Theorist. This closed a “fully leveraged short position” he recommended
to Theorist subscribers on July 17, 2007, when the S&P was at 1550.
At the time of publication on Monday, Feb. 23, the S&P was trading
below 750.
One measure of the value of this trade is the S&P mini futures
contract, where each point is worth $50. A gain of 800 points on one
contract equals $40,000; 10 contracts would be $400,000; 100 contracts
$4 million. And so on.
A gain of 800
points in 19 months is a historical trade that, to our knowledge, has
never happened before and might never happen again.
________________________________
From: Elaine Sui <elainesu...@gmail.com>
To: obrolan-bandar@yahoogroups.com
Sent: Tuesday, February 24, 2009 9:43:31 PM
Subject: Re: [obrolan-bandar] UNCOVERING THE MYSTERIES
Okay. Whatever.. So, everyone is bearish now..?? Anyone else?
Elaine
On Tue, Feb 24, 2009 at 4:24 PM, Ratu Sima <ratus...@gmail. com> wrote:
Before anyone else says, Embah let me humbly uncover some of market mysteries
below:
The fact that DJI & GSPC have crossed their lowest `November' bottom, the
`Bear' is now taking control of the global market.
Next what Aimee?
Parabolic drop will continue its journey. It will create new ever lower lows.
How deep Aimee?
DJI will test 6000, GSPC 500 in middle to long term.
How come?
Too complicated to tell, investors are awaiting the `new crafted consensus of
global financial engineering.
But why?
The current `stimulus packages' cannot yet return `the trust' from investors.
Too much disparity scattered.
And until when?
Only God knows. But things won't change better near soon.
Where?
All indices across this `Planet Earth'.
JKSE?
Included.
JKSE Bottom?
Only God knows. Our calculation is 700 – 900.
USD?
Dollar depreciation will pick up in middle – long term.
Why?
Strengthening Euro, Yen, & Yuan.
Oil?
Still volatile.
Commodities, energy, mining?
Follow oil's trend.
Gold?
Time to short. It still can reach higher high at 1.200, though.
Real Estate & properties?
Can be hedging against forthcoming inflation, especially commercial but does
not guarantee different pricing among countries.
Message for investors?
Please fully arm yourselves with every technique & knowledge both FA & TA.
Trust no one, including me.
Message for traders?
Stock volatility & liquidity is the gift you can take advantage of. Please set
precise entry & exit points while perusing fundamental terrains.
Forgive me if it may create inconvenience in you. Please promise me to take
good care of yourselves and families. Love your capital and utmostly preserve
your profit.
Love,
Ratu Sima (Aimee)
The United Kingdom of Kalingga, Java
