Member Info for Lakshmi888

GLA:)

time. Again.

https://www.zerohedge.com/news/2019-01-17/stocks-surge-report-us-weighs-lifting-china-tariffs-calm-markets

BS news being used to manipulate the markets. Got so tedious so long ago. Just.Cut.It.Out.

1 & 2 days ago; you'd think they'd get their fairy tales, I mean stories, aligned:

https://www.cnbc.com/2019/01/15/us-trade-rep-lighthizer-saw-little-progress-in-last-weeks-china-trade-talks-sen-grassley-says.html

https://www.reuters.com/article/us-usa-trade-china-exclusions/ustr-promises-exclusion-process-for-higher-tariffs-if-china-talks-fail-idUSKCN1PA01Y

https://www.reuters.com/article/us-usa-trade-china-mnuchin/u-s-treasury-secretary-mnuchin-weighs-lifting-tariffs-on-china-wsj-idUSKCN1PB2JA

loaded up on shorts on that news release / massive spike;)

SPX zone hit:)

https://www.zerohedge.com/news/2019-01-17/no-one-knows-whats-going-hong-kong-stocks-suddenly-plummet-avalanche-flash-crashes

Well, that bodes well....erm, not.....

Err, you;ve said that one before. At least once!:)

Oopsie, what a surprise, missed targets:

https://www.cnbc.com/2019/01/16/morgan-stanley-earnings-4q-2018--.html

''Morgan Stanley shares tank after earnings disappoint on weak trading, wealth management

The bank posted profit of 80 cents per share, below the 89 cent average estimate of analysts surveyed by Refinitiv. Companywide revenue declined 10 percent to $8.55 billion, compared with the $9.3 billion estimate.

Morgan Stanley's two biggest businesses, Wall Street trading and advisory and wealth management, both suffered revenue declines amid a difficult market environment last year. ''

Time to pretend to be shocked/surprised/in disbelief...whatever....

Again EW perspective:

https://imgur.com/ojT8JZO

ABC correction

https://imgur.com/zCPgDZ9

Use one's imagination for Dow, RUT etc; not exactly dissimilar;)

Not a great EW fan have to admit unless chart is v clear cut which, for EW, it rarely is but possible following is playing out imho:

https://imgur.com/aTWuPDw

Close up look of correction:

https://imgur.com/RQF9agf

Possible scenario inho:

https://imgur.com/lKthubu

GL:)

PS dow moving 150pts is not to be sniffed at imho esp if one is long; still a v decent rise for any given day;)

Volume is poor whatever period you look at it from. Fake rally but def'y persistent...

Check out my chart from past 2 days; as said Dow cld head to 24600s as a minimum hence why Im scalping longs only but tentatively b/c I know if i go long, I''ll be jinxed and e/thing will drop!

NG saved me from boredom... Tata! Defo going now:)

That's why I traded Natty and UsdTry b/c I lost will to live last week.....but then nearly passed out past 2 days w the volatility of these 2, lol!

Not Recommended! :)

Have a nice eve Ionic; sort out the CBs will ya. They're up to their ususal games as per last yr the B*****ds!

nice eve:)

Im absolutely shattered. Mega intense trading day/charting given me humungous headache!.

Signing off before my eyes pop put out me head!;)

Heading for almost 4000 pips down since highs/ point A

https://imgur.com/bXvh6W6

behaved incredibly well at least past 3 sessions...:)

LT: https://imgur.com/K8ivLSk

Immed: https://imgur.com/UEYKnMB

500pt+ fall/retrace today

cause of the rallies....

When all else fails, call on the CBs......sigh....

https://www.cnbc.com/2019/01/16/chinas-central-bank-injects-record-amount-to-stimulate-economy.html

https://www.reuters.com/article/us-china-economy/china-central-banks-record-83-billion-injection-heightens-worries-over-ailing-economy-idUSKCN1PA0UW

http://www.hurriyetdailynews.com/turkeys-central-bank-keeps-policy-rate-unchanged-140552

https://money.usnews.com/investing/news/articles/2019-01-15/central-bank-has-luxury-to-wait-on-rates-given-muted-inflation-feds-kaplan

In the MT-LT, has 'Disaster' written all over it .......

https://imgur.com/a/caAg5GM

Volume is pretty poor imho......

Harmonic complete but if rallies persist, FANGs/NQ cld be pushed and NFLX may be pushed to PRZ Max when it will undoubtedly tank once its earnings data comes out ;)

Again GapsGalore to be filled lower down...

https://imgur.com/a/eFEr1nO