Proverbs and Market Timing

Have you ever noticed that I have a tenancy to make a series of market calls (blog posts, tweets) just in time for traders to decide if there is any relevance and possible application of my work to their own trading?

If Proverbs provide richness to language and to some extent, define a culture, then my hope is that my work provides readers with deductive reasoning of a market's position through technical analysis (elliottwave) and a market timing component which defines my style by the very timing of the tweet.

One might say that the following Proverbs would be applicable to my teachings and tweets.....

You can lead a Horse to the Water but you can't make him drink;

When the blind lead the blind, both shall fall into the ditch;

Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.


My posts and timely tweets are, by design, impersonal and not meant to be actionable calls to comply with   regulatory restrictions. So in effect, my work and teaching are subtle hints to lead astute readers to the water, if you are so included to drink; to the ditch but not to fall in it; and teach you to fish for a lifetime of profit and avoid loss.

So next time you read my tweets... look beyond the surface. Sometimes a turn is just over the horizon, at other times I'm building a case  based upon my work. Two recent example are: E-mini S&P and Gold

Emini's

Dec 12: " Negative Ghost Rider the weekly pattern in $SPX is wedging! "

Dec 12: "#PERMABULLS - please post a impulsive count since 11/16 low. I'm dying to see it."

Interpretation: Even in the face of the FED meeting, I'm saying that the corrective advance may be nearing completion and traders should be on their toes.

Dec 13 9 am:  "yesterday the signs where there: OB, .786 fibo, divergence and shooting star. Look for confirmation of a tradeable top. 

Interpretation: mtn of evidence exists to support a tradeable top. Look for a 5 wave decline to develop!

Gold

I have been building my case in this market since August 2012. Most recent and timely tweets are:

Nov 7: Blog post http://bit.ly/Uk7hdL

Nov 27: Blog post http://bit.ly/U0Rjid

Dec 10: "At weekly level #Gold continues to test LT trend line established 4/2009. Draw it for yourself; see importance and what break would mean. "

Dec 12: "if stops run below 1670 ish #funds positions cost basis at loss.Expect shelf of support established on 1/12 and 5/12 to be broken."

Dec 12: "RE http://bit.ly/UTSa9k  this view is consistent with my weekly wave counts posted on blog"

Dec 13: "yesterday's lackluster reaction from gold tells me Fed's actions may no longer move gold higher. Watch those stops. "

Dec 13: "RE http://bit.ly/12ayTDs  where do u think the most pain is inflicted upon market participants in #GOLD?"

Interpretation: Even though I'm long term bullish, forget about new highs anytime soon. We're headed lower first. 

I hope you found this helpful and as always...



Best of Trading

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.