Possible Tendency… （NT 5/27/2017）

风行过

Possible Tendency…
May 27, 2017

Market was stall today as I predicted in previous post.  The prediction was based  on years observation on thousands charts. Trading is one kind business, treats it seriously.  There is NO free money.

So what’s next?

I think we will trade in range 2400-2420(30) for a couple of days before rally to 2430-50. From there, a large pull back will occur. It may bring market down to 2380 area again or deeper depend on patterns.

Look at VIX  2 hour chart again.  There are similar patterns happened before. Of course, it won’t repeat exactly, instead, it is possible to have same tendency.



Meanwhile, the internal power is weakening, but no immediately threat to bulls. Even we have sort of pullback, it will be bought at the first time.





So the road map will be Range 2400-2420->2430-50->2380….However, a BIG GAP UP in SPX  on Tuesday will voided this prediction.

I am bullish on crude oil now. I think crude oil will back to 50 soon or later. Let the people worry about the news etc…IMHO, crude oil MMs are just shaking the weak hands before go back 51-52. Of course, you will see a lot of scary news showed on the Bloomberg terminals or CNBC news room, but crude oil is swing trading in large range before go to 99.

Gold is interesting. Based on the naked pattern, Gold has potential go to 1300 above, however, the bullish naked pattern is unstable. So I think it eventually will come down again. For large picture, I think back to 1088 is the target. For long long term, back to 1600 after 1088 area.

So crude oil will be 99, and gold will be 1600…why? WWIII? US dollar? QE forever? Gold for food, oil to fill the MBTs (main battle tanks). LOL!  I am thinking too much at midnight,  But charts DO  tell your the stories in the coming  future.

Anyway, have a great weekend!

源济

novice_trader 的旧帖？

坚强的蛋炒饭

我只是有点好奇. 为什么由你代贴呢? 有故事吗?

风行过

源济 发表于 2017-5-31 09:32 PM
novice_trader 的旧帖？

是啊。 上面写着5/27 的。 蛋炒饭要的。

风行过

坚强的蛋炒饭 发表于 2017-5-31 09:40 PM
我只是有点好奇. 为什么由你代贴呢? 有故事吗?

没故事。他闭关了。你要看我就带贴了。


see, 我做好事从不留名

ice_tea

qianshui

lilili

风行过 发表于 2017-5-31 10:08 PM
没故事。他闭关了。你要看我就带贴了。

can you keep us updated here? i am very interested in laoda s posts. many thanks lei feng

lionking819

有最新的UPDATE吗？谢谢！