Thursday, October 08, 2009

Multiple personalities

Each trading day seems to have its own personality. Identifying the operative persona helps to fine tune signal charts. Here are the 5 minute and 13 minute personalities for today. Which one screams to be followed?


5 minute


13 minute








A

28 comments:

Anonymous said...

I can't trade any more today because I get distracted by Angelina Joli's beauty

Anonymous said...

Baminvestor is holding tight with their recommendation ...

Investors--No change in our existing positions--we are long FAZ, SRS and DUG also BAM model portfolio.

Anonymous said...

Is BAM really good? Allan, your view on it will be much appreciated!!

Thanks!

Anonymous said...

I love this new look. LOL Take a look @ TLR.
Best,
Goldfungus

jerrynmn1 said...

Nice Tattoo. So much better than the charts, love the new look,easy to understand.

Anonymous said...

This could be become my favorite blog. Nice piece of work.

Anonymous said...

BAM went short last Friday, reiterated short on Sunday and lost their ass on Monday. So far, not so good.

Dave said...

Allan, would you say the pressure is starting to build?

Laawaaris said...

I had a $3,000 profit on the supposed pullback/collapse. However when the market resurged this past Mon/Tue it turned into a $300 loss before I sold.

I'm not upset on the loss and am still on the lookout for signs of weakness and the eventual collapse - but until then I will play what the trend gives me and go LONG in the short-term.

Anonymous said...

Again Allan - thank you

Mike

Anonymous said...

NNVC is really frustrating at the moment. I have had my position for over a year and a half and it has done nothing but move sideways. This makes me think that perhaps my money could be working better for me elsewhere (GFRE comes to mind been in since 20c) However, I don't want to sell my position because as soon as I do I have a feeling the thing will take off. Any comforting words Allan?

Anonymous said...

A word on NNVC. It will take a plunge before moving up substantially. Take your money and invest it wisely elsewhere. NNVC isnt going anywhere for a loooooong time.

tapped out said...

WE WANT THE REDHEAD!

Anonymous said...

Today was definitely the top in the stock markets.

Don't laugh too loud about BAM. It will make BOOM soon.

Anonymous said...

Nah, sorry you guys are all wrong. Goldman Sachs is the new croupier, and you guys are trying to win in the Goldman Sachs casino. You might have some fun in here but don't expect the boys at GS to pay you for hanging around. They will gladly shoot you before they will pay you. Warmest regards from NYC, Joe

Anonymous said...

BAM, it sounds like Chef Emeril !!!

Allan said...

From EWI Thursday night:

Well Wavers, this is an exciting near-term juncture because if the September 23 highs marked the top of Primary wave 2 (circle), today’s high should mark the top of a very small degree second wave, which implies that a strong third wave decline lies directly ahead.

Anonymous said...

Ditto Goldfungus!
Thanks again for sharing Allan!

tapped out said...

$INX Daily:
1up 03/06(low) to 06/11
2dn 06/11 to 07/08
3up 07/08 to 09/23
4dn 09/23 to 10/02(?)
5up 10/02 (/) to oblivion.

If we can't have the Redhead then we liken to this count instead. Channel UP!

T said...

Allan, that commentary from 'EWI thursday night' about a completion of Wave 2 is the same basic idea I'm looking to determine....however I dont think it has played out this quickly. I think what we saw this week was only the first part of the wave 2....the (a) of a-b-c...and the whole of wave 2 is stretching out for a longer time frame.
I want to see something like 5 subwaves up (a) 3 subwaves down (b) 5 subwaves up (c) to complete "wave 2"
I think we need to watch it play out for 2 more weeks.

Anonymous said...

...... 13 minute chart looks easier to read

Anonymous said...

"...today’s high should mark the top of a very small degree second wave, which implies that a strong third wave decline lies directly ahead."

Huh? The action from the high today looks totally corrective to me, hence more upside to come.

- cramar

Anonymous said...

This is a very important night for BAM forecast in the US Dollar Index. Model says it spikes higher and kicks-off global stock market crash

Anonymous said...

I love all these posts. everybody has a different point of view.
But I think youre right about one thing ,Joe, this is Goldman Sachs Casino game for sure.
BUT.... counting elliot waves is like counting cards,and if its done correctly, the trader can win.

Anonymous said...

You know when the game is over, is when Warren Buffet sells GS not until. Allan says nnvc north of a $1.00 by years end. My prediction south of .50cents by years end.

Anonymous said...

Does NNVC being a good company and a good stock mean that it will make any money in this environment? If it hasn't shot up since March, what makes anyone think it will shoot up with what's to come in the general market? I see economic doom descending and I can't see how NNVC will be unaffected by it.

Anonymous said...

Well if your waiting for Buffet to sell GS you will have a long wait. Now let see how long has he owned KO? It's his mantra to never sell :)

Allan said...

Re: TLR

Thanks, Gf. Chart looks stellar, any other reasons to buy?