Ichimoku Kinkou Hyou (Itchy Mushrooms)

[kennynah]

makes good logical sense !
perhaps combining a few TA indicators could useful, such as looking at island formations after gaps.
U shd consider opening a Cloud Consulting Services cum Art Gallery, where u exhibit reknown cloud paintings for sale. Hahaha

[iam802]

Here's a note from the TA book by Robert Edwards and John Magee

Recovery rallies from "Panic" Bottoms are often capped by Triangles for those are periods in which doubt and indecision are prevalent. The doubt in such cases, however, is usually resolved in favor of renewed decline. "Panic" Bottoms seldom hold.

Note: Asscoiated with this quote is a chart from the "famous Selling Climax of October 1937"
- Panic Bottom
- Very upwards recovery that goes higher before the drop
- triangle formation
- exit triangle and go lower.

Thinking through the above, and putting it into the current market conditions.... are there any reasons why it should be better than 2007 levels?

If there aren't, then we should expect lower levels.... with situation under control..and pple accepting the downturn.

[blid2def]

[quote=kennynah]U shd consider opening a Cloud Consulting Services cum Art Gallery, where u exhibit reknown cloud paintings for sale.[/quote]

What Ichimoku is really all about:

[kennynah]

I see lotsa indecisions in the past days to weeks, vix peaked, multiple candles with long tails, govt actions aplenty, LEH bankruptcy, company bailouts, consistent gloomy news coverage, even CL price stayed depressed, etc
if I were to bet on a position, I'd rather consider bullish bias ones without limited risks exposure n a longer time frame to allow for gyrations
but the more patient could still wait for clearer signals be4 entering mkt

[blid2def]

Market indexes... monthly charts, with Itchy Mushrooms... with September just closed, here's what we're looking at. Erm... time to squirm rather uncomfortably.

Currently vested in short S&P 500 positions and long QQQQ OCT options (haha - I'm a crazy man).

There are more charts with different timeframes, here:
- http://stockcharts.com/def/servlet/Favo ... =ID2983793

DOW - Monthly


S&P 500 - Monthly


NASDAQ Composite - Monthly


Singapore STI - Monthly

[kennynah]

i tot this became mouldy ...so long no open up this thread...

but alas...

dow, spx and compq all into the kumo cloud and may actually get trapped in there for some time...meaning weeks at least....tio boh GR ?

[iam802]

solid. Huat! ah....

btw, Ichimoku book available in library. Either reserved or On Loan already. Very fast.

[blid2def]

i tot this became mouldy ...so long no open up this thread...

but alas...

dow, spx and compq all into the kumo cloud and may actually get trapped in there for some time...meaning weeks at least....tio boh GR ?

I can't predict how long it'll stay in the cloud, unfortunately. It might be very fast cheong dowh - *swoosh* just like that... or it could be zig zag zig zag, in out in out at the entry point... I've seen both cases before. I've just added a support line each that cuts through the cloud for each of the charts (sorry not updated in the pictures above - need to go to the link I posted to see them). So far, all charts seem to show maybe 2 to 4 support levels through the clouds, and we also have one or two fibo lines skewering the clouds. So maybe the fall won't be that swift.

But then again, it's hard to say.

[blid2def]

solid. Huat! ah....

btw, Ichimoku book available in library. Either reserved or On Loan already. Very fast.

Oh, I'm going to collect mine tomorrow! Hahaha... managed to read one of the books on hand faster than I thought I could (I just love books with double-spaced lines...), so I reserved a copy of the book. You got yours?

[kennynah]

i just love this kind of answers....very professional... and objective and never predictive...you are good...the still water runs deep type...