Mallett Share Discussion Threads

[georgethefourth] 15/5/2020 13:51

Hopefully we'll fill the gap up to 23625 and then drop for the rest of the session. Fingers crossed as I just added to my short...

[11_percent] 15/5/2020 12:04

23,334...….go baby...go...

[11_percent] 15/5/2020 11:08

23,654


DOW tanked to 23,419......

[11_percent] 15/5/2020 08:10

Mmmm…….ok a57.


Ok......23,654......the one to watch.

[atlantic57] 15/5/2020 07:46

george /11 thanks

The graph next to 23645 makes no sense as it is almost 1000 points higher

[11_percent] 15/5/2020 07:20

Hi guys, I assume you have seen the Private Blog this morning. I assume this is the latest position.

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The DOW into the weeks closing.

As we head into the close of the week watch 23,645. A close below that today will leave the market in a venerable position for next week.

[11_percent] 15/5/2020 07:13

a57, ok cheers.

[georgethefourth] 15/5/2020 07:11

Atlantic - "unless it falls substantially from here it won't be" - not sure what you're meaning by this? The Dow closed yesterday at 23625. Which means that it could close up today by 19 points and we're still on for the drop next week.

Agree about Socrates, that's looking bullish this morning. Although if it closes anything less than 19 points up today I'd bet that changes completely by the next update

[atlantic57] 15/5/2020 07:08

i cant cut and paste from the private blog you can.

look at the dow for 8 may there he says next week could test support.

[11_percent] 15/5/2020 07:03

Next was a panic week .

However now we seem to be saying unless the markets fall substantially from here it wont be ( That was my reading)

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Sorry, where are you seeing its a panic week next week.

[11_percent] 15/5/2020 06:59

atlantic, agreed.

We have the Blog saying.

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The DOW into the weeks closing.

As we head into the close of the week watch 23,645. A close below that today will leave the market in a venerable position for next week.

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What I find a bit annoying about these predictions is that they are made before the event. He could wait till the market closes and then say "we closed below X, so the DOW will go down next week".

Never mind, its a clear target.

[atlantic57] 15/5/2020 06:56

Once again on the morning of 15 may Socrates has demonstrated its ability to alter its stance quickly.

Next was a panic week .

However now we seem to be saying unless the markets fall substantially from here it wont be ( That was my reading)

[atlantic57] 14/5/2020 07:10

11 Percent I find it difficult to fine tune the commentary .It appeared that this week
Indexes were going up.

Now he appears to be saying that next week will be panic cycle.
Gold has not taken out the April high .

So my interpretation for myself is.

Cash is king right now .

As I say I have a useless record at shorting so I won’t go there.i will probably go into cash.

The fed boss comments about the state of the economy are telling it like it is

[11_percent] 14/5/2020 06:56

08/05/20 – US Share Market for the close of May 8th
We still see that the market is treading water.
We may see a small bounce into next week, but the following week is where there will be a risk that we see a retest of support.

===============
Am looking at DOW as representative of US market.

DOW

Monday 11/05/20 - Open: 24,287 Close: 24,223
Wed 13/05/20 - Open: 23,603 Close: 23,327
Thurs 14/05/20 - Open: 23,602 At 08.00: 23,124

OK, did mean the bounce was INTO this week, not IN this week.
So far, 4 down days...Mon to Thurs (at 08:00).

[11_percent] 13/5/2020 21:34

S&P500......lets see if 2650 holds.

[atlantic57] 13/5/2020 09:33

11 percent yes thank you ,it remains confusing.


i have a mediocre record in shorting so i clearly do not understand .

On the other hand recognising intrinsic value in a company i know well has worked for me particularly in market meltdowns.

On the balance of probability Shell is going lower for me

Finally over the years a number of commentators have predicted a time when people loose faith in Government.

i believe the way in which certain governments ie the uk have handled the crisis will bring that stage to unfold.Quite possibly the 4h quarter of 2020

[11_percent] 13/5/2020 09:12

I find the GMW a bit confusing.

I tend to look at the Weekly, Monthly, Quarterly "History, Indicators, Trends" coloured mtricies.

In the case of RDS, almost everything is RED, so I would use that as an indicator that Shell is going lower.

However, having said that, I gave up on using them to trade.

I do use the Gold "Soc Summary Analysis" reports as a guide, particularly, the overhead resistance and support. I take head if says "reversals" have been elected.


I have seen the graphs for BUY and SELL in blog, in the past. It shows a graph, and mark on the graph for BUY and SELL.

Someone has access to these graphs, but I don't know where they come from....or what level they are.

These, I assume, are the vehicle that would need to be used to trade.

[atlantic57] 13/5/2020 07:20

11 percent i have purchased the reports on rdsb.

My reading of those reports are that Socratese is very bearish on the company.

although you need to be able to understand gmw

Is that your understanding he uses phrases like waterfall in motion yearly trend

monthly trend sharp drop likely

quarterly trend turning to the upside

[11_percent] 12/5/2020 12:12

Yes, he (Soc) has been calling a drop in the DOW for a while....and it has not happened.


Personally, IMO, and looking at what other analysts are saying, a drop is nailed on.

[georgethefourth] 12/5/2020 11:23

I'm not exactly sure how to interpret the length of the drop. He also mentioned it dropping into the end of June didn't he?

[atlantic57] 12/5/2020 11:09

Thank you 11 percent i am mainly in cash now

However when the market tanked in march that was time to have loaded up had i have done so i would have recovered many of the lossess i have now incurred,

like George i find the gmw term very confusing

[11_percent] 12/5/2020 10:41

The way I read the blog is that

# bounce this week (current week we are in)

# following week (next week) is the risk we retest support, ie, fall.

Then follows some politics, Trump, Gates, economy lockdown, Giv incompetence....

Which supports his last paragraph...….the slingshot is still on.

So....I am tracking this week and next to see what happens.

[atlantic57] 12/5/2020 09:27

Noted but i cant see why the following week is significant i know he adds narrative..

[11_percent] 12/5/2020 09:08

08/05/20 – US Share Market for the close of May 8th
We still see that the market is treading water.
We may see a small bounce into next week, but the following week is where there will be a risk that we see a retest of support.

===============
Am looking at DOW as representative of US market.

DOW

Monday 11/05/20 - Open: 24,287 Close: 24,223

[atlantic57] 12/5/2020 08:22

Also the big hedge funds tend to run the markets up and then run them down.
As computers appear to be making the decisions when liquidations occur everything gets liquidated.

I must confess I don’t understand why Martin feels next week is key.

I would have thought the last week in June is a dangerous time as Hedge funds seek to
Bank profits.

Second quarter reporting season should be dangerous when people see how bad the economic damage has been.

However markets look forwards it will depend on the outlook at that time.