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Trading 4 fun
Do have a documented record of actual
trades on your site ? I. E. Proof ?
86 % for the first quarter here
Hank
Commented Mar 29, 2011 on Skip Danger Forum at Planet Yelnick
Skip Danger Forum
As I wind this blog down, I recommend readers check out the Skip Danger stock forum. Frequent readers of the comments know that it is a place to continue the sort of dialog that made this site worthwhile. If you do go check it out, drop back and let me know what you think.
Wave
Last time I checked Crystals are Rough
Hank
show me the straight lines ....
Commented Mar 22, 2011 on Skip Danger at Planet Yelnick
Skip Danger
The news over here in Asia about Japan is not as strident as Americans see back home on CNN. My family keeps urging me to skip danger and fly some other way home than through Narita, but there is no evidence of radiation floating down towards Tokyo. Of course, winds may change. A more immediate...
Hock
Man created Lines
That's Old School Geometry
Do you see Squares in Nature ?
Commented Mar 21, 2011 on Skip Danger at Planet Yelnick
Skip Danger
The news over here in Asia about Japan is not as strident as Americans see back home on CNN. My family keeps urging me to skip danger and fly some other way home than through Narita, but there is no evidence of radiation floating down towards Tokyo. Of course, winds may change. A more immediate...
Isn't a tenet with EW that news has no bearing
On the markets ?
Ditto for Fractals ?
How does one reconcile this confict ?
Commented Feb 28, 2011 on GDP Misses, QE3 Gains, Oil Looms at Planet Yelnick
GDP Misses, QE3 Gains, Oil Looms
We had a chance of snow on the streets of San Francisco, but the weathermen missed. We had expectations of GDP being revised up (from 3.2% to 3.3%, with whisper at 3.4%) but the economists missed. Now the reaction is coming in: JP Morgan lowered its Q1 forecast from 4% to 3.5% QE3 is now cons...
Today's Top Tick trade is on the Home Page
And also an Amazing Oil Fractal that
predicted the Rally
http://www.elliottfractals.com
Commented Feb 24, 2011 on Buy The Dip? at Planet Yelnick
Buy The Dip?
The biggest drop since last August got the bears out of their hibernation, as well as the triumphant buy-the-dip crowd. This drop so far is but a blip in a relentless rise, and buying dips has been the right approach. Zerohedge made fun of it in a series of BTFD pictures (parent alert - risque l...
Gentlemen please keep your discourse to the market
and restrain the personal attacks
We are not in a school yard !
Grow up
Commented Feb 11, 2011 on Patient Market, Impatient Pundits at Planet Yelnick
Patient Market, Impatient Pundits
I see lots of pundits trying to pick the top. Fool's errand. Better to watch for a bifurcation off the top before betting on a change of trend; otherwise ride it up. The recent bifurcation carried down into a trading plateau, but not below, meaning no break of trend. We would need a sharp drop b...
Yelnick, what's Precther and Neely thinking ?
Gemx is looking for a Wave 3 Up !
Thanks
Hank
Commented Jan 27, 2011 on Demand Media Kicks Off Social IPO Season With a Bang at Planet Yelnick
Demand Media Kicks Off Social IPO Season With a Bang
Amidst a nice little Obama SOTU Rally since late in yesterday's session, Demand Media (DMD) priced at $17, above the range, and is now trading around $23, a fine opening to Social OPO Season. DMD is now valued at $1.5B and is the largest Internet IPO since Google. The offering was also super-siz...
Goog poped after hours
GE too
1275 holds tonight, then a rally
Cheers
Commented Jan 21, 2011 on QE2 Working the Wrong Way - Has the Fed Redefined the Mission? at Planet Yelnick
QE2 Working the Wrong Way - Has the Fed Redefined the Mission?
Monetary policy responsibility cannot substitute for government irresponsibility - Jean-Claude Trichet A funny thing happened on the way to QE2: rates rose rather then fall. It appears The Ben Bernank has now redefined the mission from keeping long rates down to pushing stock prices up. He s...
How can one base a forecast on 1 stock
Seems Dangerous to me
Commented Jan 19, 2011 on The Fed Follows The Market, Usually at Planet Yelnick
The Fed Follows The Market, Usually
It is commonly asserted that the Fed sets interest rates. Instead, history shows the Fed follows the market - and gets the economy into trouble when it diverges too long from what the market is saying. Tony Caldaro has an excellent piece on the Fed and rates in the 'Oughts. He shows how the Fed ...
Yelnick, that's interesting, I also have a Jan 10th top also !
Merry Christmas to everyone this season
Hank Wernicki
Commented Dec 22, 2010 on Bulls Take Note: Tax Deal Won't Stimulate Much at Planet Yelnick
Bulls Take Note: Tax Deal Won't Stimulate Much
There is much less stimulus than touted in the press. Political posturing has resulted in poor policy. Funny to watch the erstwhile critics of the Bush tax cuts turn into Reaganesque supply-siders. They are besides themselves crowing about how a tax cut will stimulate the economy. Where were the...
What the heck is alpha / beta ?
Does it work ?
Thanks
Commented Dec 12, 2010 on Dogs of the Dow are the Cat's Meow at Planet Yelnick
Dogs of the Dow are the Cat's Meow
Bespoke highlights the Dogs of the Dow strategy - buying the 10 Dow stocks with the highest dividends at the start of each year. The Dogs outperformed the Dow in 2010 (so far) by 2x: 13% vs 6.6% for all 30 Dow stocks. The Dogs ran away from the other 20 Dow stocks, beating them by 4x: 13% to 3...
Thanks !
Commented Dec 9, 2010 on Gore Effect Strikes Cancun Climate Conference at Planet Yelnick
Gore Effect Strikes Cancun Climate Conference
As if ClimateGate wasn't bad enough, the climate politicos in Cancun are amidst record cold temperatures. The Gore Effect, of course, is the inconvenient coincidence that when Al Gore attends a conference to give a climate speech, cold spells and freak snow storms attend. He is not even there ...
nspolar, again that was posted last year
Best Wishes
Good Luck
Hank
Commented Aug 26, 2010 on The Seasonal Pattern Has Been Working Like a Charm at Planet Yelnick
The Seasonal Pattern Has Been Working Like a Charm
The seasonal pattern is championed by Sy Harding, and this weekend he points out how it has been working fine for his subscribers. You can see the seasonal chart here with some discussion. Suffice to say the pattern suggests to buy in Nov and sell in May. Sy usually gives the all clear signal in...
Shorted the SPX at the with a stop, big test here at 1150 for the market. Holding it means a correction. Breaking it means 1200. We'll have to wait and see.
Hank
Commented Mar 10, 2010 on A Slight Excursion into Ending Diagonals and Other Terminal Patterns at Planet Yelnick
A Slight Excursion into Ending Diagonals and Other Terminal Patterns
The smart way to trade is to look for high probability moves and place bets. When markets confound as they often do, traders tend to fall back on trying to arbitrage the small moves - but that is a game so covered by the quants it is hard to see how the day trader can gain an advantage. Often th...
Gold is enjoying a turn , period
No one knows when the top will arrive.
Sending this from my Iphone cool !
Commented Mar 4, 2010 on Gold is Going Nuts! at Planet Yelnick
Gold is Going Nuts!
I do not often comment on gold but as Hank Wernicki posted in a comment, "Gold is Going Nuts!" Even George Soros has jumped in, saying: "When I see a bubble, I buy that bubble, because that’s how I make money." Neely also jumped in today, with a wave structure that says gold is about to rush to ...
Sunday October 25th
1:04 pm
E-mini Nasdaq 100 Index Futures December
1752 Stop ( very tight ) to go Long on the Open
1752 was the Close on Friday ( 0 Risk for a night / day trade )
A Lower Open is a Scrub <<< Reversal
Parent 30 m Bottom at the Friday Close <<<
Child was 9/29
Commented Oct 25, 2009 on The Zoran Project at Planet Yelnick
The Zoran Project
Notice to Oz readers: I will be in Sydney the first week of November, and am arranging to meet some of the followers of Zoran Gayer's work. I think it is possible to computerize a lot of the advanced Elliott Wave thinking of Neely and Zoran, and will be there to start an effort to do so. If you w...
http://www.elliottfractals.com/
Commented Oct 22, 2009 on Prechter Says The Top Is Close at Planet Yelnick
Prechter Says The Top Is Close
Late Sunday he put out his monthly EWT and it had much the same type of message as his EWT in late Feb 2009, calling a bottom right before the Mar6 bottom, and June 2007, calling a top right before we began topping from July-Oct 2007: the turn is close enough it is time to switch positions. This...
In the October EWT Bob illustrates the 29 fractal and the current 09 fractal for the end of wave 2 and the begnning of wave 3 down
I had discussed the "same identical fractal" with Ike Iossif a month earlier in September
Bob will be right .... and the crowd will be wrong ......
Hank Wernicki
Commented Oct 20, 2009 on Prechter Says The Top Is Close at Planet Yelnick
Prechter Says The Top Is Close
Late Sunday he put out his monthly EWT and it had much the same type of message as his EWT in late Feb 2009, calling a bottom right before the Mar6 bottom, and June 2007, calling a top right before we began topping from July-Oct 2007: the turn is close enough it is time to switch positions. This...
The Open today was a Top as posted. gapped 14 points down ( top tick at the close from Thursday )
Oh btw, I'll being discussing my new revolutionary indicator on Ike Iossif Interview this Saturday.
The audio will be posted here.
Topic is the "The Wernicki Fractal."
Hank
Commented Oct 16, 2009 on Before You Jump Back Into Real Estate, Read This at Planet Yelnick
Before You Jump Back Into Real Estate, Read This
Time for a little public service for those crazies buying back into housing. Amherst Securities did a report on the huge shadow overhang in the housing market. They count 7M units already delinquent, up from 1.3M in 2005 and more than the 5.2M annual home sales right now. They estimate an addi...
Today's Fractal Pair:
3m Parent Top for the SPX today --- it appeared at the close as usual ....
10/14 is the Child Top 1:12 pm
This fractal identification indicates a Market Turn ( Attraction Point )
Note: when the child precedes the parent, the attraction point is very strong
Commented Oct 16, 2009 on The Psychology of This Market at Planet Yelnick
The Psychology of This Market
Crazy stories of a feeding frenzy in housing are what we should expect to be seeing nearing the top. Imagine: multiple offers, selling in a "blink of an eye", all cash offers - what gives? After a bubble bursts, the snap-back rally carries with it a snap-back psychology. The irrational behavi...
The SPY already hit the 50 % retrace level
Commented Oct 15, 2009 on ZZ Top at Planet Yelnick
ZZ Top
Among my 2009 predictions posted on Jan 1 was this one: "A Hope Rally to Dow10500 (SP1100) by this summer." Well, summer has gone but Dow10500 seems to have come - maybe by this Friday's speculative top date. Kudos to Tony C as the EWI count has now joined his: the wave action since Jul8 has ...
I don't get this :
"Carolan is one of the few people on this planet whose record makes Prechter look good!"
???
Monday Oct 19th <<<< all fractal wavelets are pointing down on all frequencies ...
Keep getting stopped out, but should be rewarded next week
Hank
Oh btw did BP cover his Long on the Dollar ?
Commented Oct 14, 2009 on Another Crash Call: Is 2009 Like 1929 and 1987? at Planet Yelnick
Another Crash Call: Is 2009 Like 1929 and 1987?
The market in 1987 followed the pattern of 1929 very closely, which is an incredible coincidence. Extending this to 2009 shows the same pattern emerging and pointing to a top on Oct16 and a crash on Dec10. Oct16 is this Friday and options expiration, always a fun day. Now, so far we have one ...
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