Crash is coming

Yesterday was horrific on the markets the Nasdaq down 5%. I feel there is more to come I also think that Gold will be caught up in it nothing is going to be exempt. So I shall amend the Gold trade accordingly. Here in the UK we are on the edge of another banking crisis. LloydsTSB has been down 20% in 2 trading sessions. At the moment it is trying to rally but I have begun to wonder whether it will survive. The Apple trade was poorly timed. Though I remain short it as a stock and am confident it will sell off. We have the jobs report today which no doubt will be abysmmal. The SPX is looking like it will crash get a chart of the Nikkei from its crash earlier this year. They look eerily similar. Happy trading.

Resistance met

I have closed the trades in Apple and NDX and now gone short. Apple has had a good rise the NDX trade shows only a slight profit. I believe that a nasty sell off is on the horizon I have targets of around 275 for Apple and a similar sell off in the NDX. I remain long on the Gold trade. The next couple of weeks should be fairly harrowing.

Gold is going up

I have had a complete change of opinion with regard to my Gold trade. Actually I now think its going to sore again. So we are long gold. My opinion with regard to just about every asset is also bullish Apple is going up as is the NDX

Gold is in a Bear Market

This is the first website that has recognised that Gold is now in a bear ! I mentioned some time ago about targets of $145 for the Gold ETF. We traded at just short of $144 on Friday.. as mentioned previously I can see a sell off to at least $100 from here.

currently i feel gold is going up. Apple is going down and NDX is going down. I can see apple at 300 shortly

Golds cycle it seems has inverted I have an upwards target of $145 for it. This should prove to be a major high we may well sell from here down to $100.
The stock market bull it seems is also waning I can see the NDX returning to its old highs then selling off. Hard to tell how far at the moment but we do have the potential here to return to the March 09 lows but I doubt it. The passage of time will enlighten us.

I have gone to long on apple and ndx100 long term. I appreciate there has been a lot of chopping and changing on what should be long term trades but I am still trying to come to terms with how to set a cycle. I hope finally this matter is now resolved If I finally have it right then Apple could well be trading at $500 in the not too distant future. I have also amended the short term nasdaq trade to upwards as I have a short term target above 2400

Its Over

Apple has topped out with its high just under 350 we are short as of yesterdays close at 332 we may sell off as far as 250.
Same goes for the NDX100 whose cycle is now completed we head down possibly as far as 2050

Our trades have been moving as anticpated I have moved the target for Apple higher to about 255. NDX is just short of 2400. For an idea of where I expect us to make our high should be around the old high on the Nasdaq at @2800 back in October 2007.

Gold

I have been deliberating over the last week or so as to whether the gold bull market is at an end..and have decided that it is. We are therefore short at 134.05 on the Gold ETF which represents a nice profit on the trade initiated at 117.

Up not down

Well the markets have not sold off instead they are moving up. I'm afraid having looked at the cycles again I have concluded that they are in fact still in the upward phase. As I've mentioned before this is a completely new manner of placing a cycle and so teething problems like this are inevitable. I have altered to long again. The targets are just short of 350 on Apple and about 2380 on the NDX