Chariot Share Discussion Threads

[andonis] 19/2/2012 17:28

Dow has to break out of the blue circle and thats not easy at this level. A retrace from those levels is due before it can try again. A retrace of good few 100s of points. Note the circles are self similar.

[andonis] 19/2/2012 17:02

EURO-$ is kind of trapped by the pink resistance line. It will try to greak up, it is supported by the Circle but it may revisit the circle for confirmation....

This analysis is actually quite bullish for Euro. Time will tell...I did not spot this circle which actually is very strong and promises support for Euro to 1.4

[andonis] 19/2/2012 16:52

Yes Monday closed so FTSE will drag it anywhere.
There is no gold here. They have some derivatives see if any good...on Precious Metals in under FOREX and Derivatives.
Not sure what you cannot fit.... in Rio Chart.

[r88ave] 19/2/2012 16:45

Is this ok Ando re circles,I cant seem to fit peak high far top left hand corner.

This could reap some rewards do you think?
Breakout around march time?
Probably one to watch eh?

[r88ave] 19/2/2012 16:35

is that cos of us market closed on Monday?

or you predicting market to fall tomorrow regardless the greece outcome?

Do you know what epic code it is for gold physical for charts on this web site?

[andonis] 19/2/2012 16:22

yes r88 looks this way.....tuesday not tomorrow

[r88ave] 19/2/2012 16:14

Thanks Ando and I think I will go for it tomorrow

Looking at the charts again it appears to be completed 3RD of elliott wave retreat from 4000p ready for 4TH leg up which could or will pass the circle.

[andonis] 19/2/2012 14:27

One has to be short at this level of DOW. It may not drop much but trading it...

[andonis] 19/2/2012 13:00

well done r88ave!!!! I think you got it!!

[r88ave] 19/2/2012 08:27

rio looks good for 400pts should the market decide to rise next week, almost at the end of the circle.

[andonis] 19/2/2012 06:50

OUT OF THE BOX (circle) it has escaped my circle! It should drop for it.

[andonis] 18/2/2012 14:31

MERCK On the rise!

[andonis] 18/2/2012 09:03

EURO. Here is a possible evolution. I think it is a high probability. The rise is fully done with the 5th wave of the rise fibonacci. So Unlikely to rise again. The reason is that the highr order which is down in my opinion has not completed yet. So it should turn over and go down. In view of this I see such a downturn as sketched here. here is an example whereby I combine lines with circle segement. See wave red 4 to red 5 which is extended 5th wave. the subwaves i,iii,and v are connected via the circle segment. (when I say circle I dont mean it literally, it is a conical section ellipse, but I prefer the name circle) and also the points ii and iv are connected by a line. So we have bounces i,ii,iii,iv,and v between line and circle. Good init? LOL

[andonis] 18/2/2012 09:03

YES! Combining circles with lines is STRONGER!! Well done! I noticed you include more than 3 points in a circle. THATS the way. the more the merrier.

[r88ave] 18/2/2012 08:44

Cheers and, still learning!

Interesting view here as well with resistance line from previous peak

[andonis] 18/2/2012 08:36

Hi r88ave, glad you find them interesting!
Remember that the more points you have in the circle the more gravitas it has. I do think the upside on the markets is lmited yes. DOW could peak at 13100 or thereabouts. Back to circles 3 points is the absolute minimum you need for a circle. the more spaced out the points the easier to draw and more significant. The larger the circle the longer its life, and hence its contribution lasts...
You can use circles in many time scales and they all co-operate...etc etc etc.
You can have higher order circles like elliott waves.
Circles behave like LINES!!! Yes support and resistance! After all lines are degenerate circles. ENJOY!

[r88ave] 18/2/2012 08:14

your wonderful circles has got me hooked! lol

Looks like ft peaked do you reckon ando?

[andonis] 18/2/2012 07:04

EURO: From 20th jan I made this chart and still holds pretty good. I wonder when it will break....

[andonis] 18/2/2012 06:56

RS fine. Actually I corrected my post. I said close it now and then I corrected it. Having seen the chart, I have a feeling that the rises on USD/JPN could take it to 100 in a few years. But have not spend much time on it but as you can see from the last chart closing it now is probably best unless you trade long term on this one.