Mallett Share Discussion Threads

[11_percent] 09/6/2020 07:46

I have CNBC on most of the day.....and they were talking about the FED.

If the markets continue to rise....that's ok....keep buying.

If markets fall.....the FED will step and support the market to get them rising.

Keep buying......its a no loose situation.

[atlantic57] 08/6/2020 21:46

28750 is now being talked about as a cycle inversion.
The Dow is not far short of that as of tonight’s close.The Raft of posts now from Socratese speak of unprecedented times and therefore the patterns predicted based on the past may not repeat.

Old fashioned watching the trend may prove to be the best indicator

[atlantic57] 08/6/2020 15:53

Thanks I will consider pro membership

[11_percent] 08/6/2020 15:24

There is Basic, Plus and Pro....I have Plus.

In My Markets / My Watchlist / I can go into "DOW" from the drawdown list, on that I have Socrates Detailed Analysis - in that there is a section on Reversals.

That's where I got 27,245...….as he said, the DOW was trading over that on Friday, but dipped under it for the close.

[atlantic57] 08/6/2020 14:41

Presumably there will be another jobs report on Friday.
If that is like+last Friday then we may well have another surge.

Incidentally where are you getting your figures from for the bullish reversal.
Presumably for the highest level membership you get the daily signals.

[11_percent] 08/6/2020 13:54

Ok...we are above that WEEKLY bullish reversal......will it hold till Friday.

[11_percent] 08/6/2020 09:43

We have the DOW Weekly Bullish Reversal at 27,272.....lets see if we go over...and look like staying over, for the Week.

I have DOW at 27,245

[11_percent] 08/6/2020 09:21

Don't know.

I sold my NDX and S&P longs this morning....just to buy them back when indexes went positive.

[atlantic57] 08/6/2020 08:59

Ok 11 but when

Several times the commentary has been wrong.
I think he is now several more dates I believe 15 or 22 June as a market high .

Followed by a reversal of the bounce in July , at least that is my take.

[11_percent] 08/6/2020 08:13

An other private blog.

A comparison with the DOW - late 1960s through to 1970s - the pattern is the same......DOW will test the lows.

[11_percent] 07/6/2020 19:03

Could read it as the DOW will re-test the low, but not the NDX and S&P....but they will fall????

[atlantic57] 07/6/2020 18:02

Ok Martin has spoken a most unusual post !
He seems to be saying the Dow is likely to make a low but not the nasdaq and sand p.

[11_percent] 07/6/2020 08:55

5am in US...….could be some time for an up-date.

[11_percent] 07/6/2020 08:10

Gold - yes will sell some of my long positions tomorrow.

[atlantic57] 07/6/2020 07:53

I used to follow Larry Edelson who took subscriptions to his news letter in advance and then dropped dead so I hope This not happen in the=near term to Martin.

Yes I agree Martin is consistently correct on the=big picture .

Short term basic level of membership does give the cover that is needed.

The picture for Gold is not looking good short term it is clearly struggling and if there is another dramatic meltdown it will go down to.

More detailed commentary needed by mae

[11_percent] 07/6/2020 07:47

Sat 06/06/20 – US Share Market Reaction High

There is a lot going on in the currency markets next week.

=============

I noticed that the € has been strong re the $ recently…...but had a down day on Friday.
Is the € going on a down trend.

I am using SEU3.

[11_percent] 07/6/2020 06:48

Friday jobs report.
I now have a marker in my activity list to get ready for this. Markets rally on "good" figures and gold goes down. May be brief, but it happens.

OPEC
Oil went up on Friday, on the news that the meeting would happen and they had an agreement.
Now that the agreement is fact, I assume that oil will continue up on Monday.

Own course.
I am sort of doing this, but MA has been right on so many things in the past, that I can not ignore him.

CV-19
I think it will come back/second wave. Don't think there will be severe lockdowns again. This is just my guess.
From what you have been saying, you think that the market "re-trace/fall" will be connected to ether a second CV-19 wave or Trump loosing the election.
My experience has been rises/falls "just happen". Often there is no event that is to "blame".
If we do get a re-trace, the "trigger" will not be obvious.

[atlantic57] 06/6/2020 09:19

Yes i don 't have access either .

i am learning from the school of hard knocks which is the best teacher. Here are some basic points which i am sure you will be aware of.

On friday at 1.30 when the jobs report came out it should have been obvious to me that markets would rocket in the afternoon.This was following the trend with pretty much no downside risk.

This weekend the opec meeting is a big deal

I am following my own course now :

a) Will covid comeback and lockdowns return ?
b) How much damage has been done to the economy the jobs report was a stunning shock in the opposite direction to what was expected.


Finally let us see if ai really can see through human emotion the proof will be in the pudding

[11_percent] 06/6/2020 08:54

I see there is a private blog for the Pro level.....which I don't have.

[11_percent] 06/6/2020 08:52

Hi guys...….tend to agree with much of what has been said.

The NDX now back to pre crash levels and the DOW getting there.

I am now long the NDX and the S&P.....but will switch to short quickly if we see any sign of a fall.

[georgethefourth] 06/6/2020 08:42

I used to invest longer term than I do these days, so I suppose I'm more of a trader now. Im much more cautious and if I'm not 100% about a position I'll sell out. Which has cost me quite a lot lately in potential profit.

I don't have the pro version either. Would be interesting to see what it says. Up until the week of the 15th or 22nd and then down was what the previous update said so I'm assuming that still stands. Socrates looks quite bearish this morning although that doesn't mean much....

[atlantic57] 06/6/2020 07:02

I have not got access to the pro version of Socratese which did provide an up date .

The basic level membership reports to me seem to:be saying follow the trend .

[atlantic57] 05/6/2020 18:53

That is a good question !

For the bulk of my investments I am an investor.
For a smaller portion of my portfolio I am a trader.

To give you an example I was looking to invest in legal and general but I held back as I believed a correction was coming. It has now gone from £1.80 to £2.50 in double quick time.

So I have missed the boat if there is no pull back.

How about you.

[georgethefourth] 05/6/2020 18:06

Would you class yourself as a trader or investor? If trader you don't really need to time bigger trends too much, as long as you're in and out fairly quick