tag:blogger.com,1999:blog-553223962289160352009-11-14T19:53:11.135-05:00Follow an unbiased Financial Trader (MARKETJEDI)-MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.comBlogger1842125tag:blogger.com,1999:blog-55322396228916035.post-50701237088595319462009-11-14T19:32:00.003-05:002009-11-14T19:53:11.147-05:00

I have been on and off this week due to a personal matter but I told myself I would take 3 hours today to do some homework so readers don't think I deserted them. I posted updates for crude, bonds, dollar, corn etc but I would like now to address the indexes.It has been tough trading the indexes for the last 3 months but one thing to always remember is that the market follows trends. The trends

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-55503058107238821532009-11-14T17:38:00.003-05:002009-11-14T17:40:11.524-05:00

The crude market corrective continues. We have now registered 17 trading day's in a sideways market.Although this chop has been difficult to discern from a pattern standpoint, it has been very tradeable with plenty of range.We show a simple (a)(b)(c) , though it's possible we are tracing a combination.We have broken free of the 20 sma and appear headed for a meeting with the 50 sma, which is at

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-84563585452061864492009-11-14T17:36:00.002-05:002009-11-14T17:37:59.235-05:00

New Lows in the dollar again. It appears that we had 5 waves down off of the spike high of 77.50. If it is a minute degree, structure would be complete. Any degree less, argues for a 1st wave.Conclusion we will see more new lows

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-63424557523329422772009-11-14T17:34:00.000-05:002009-11-14T17:36:26.428-05:00

The gold market continues to subdivide higher, reaching new highs in the process.It's apparent that we are getting very close to this leg finishing. I am assuming that this will complete a minute degree wave [v] coming out of the triangle. Remember that triangles precede finishing moves.If this interpretation is correct, we will complete an intermediate degree (B) wave at this moves conclusion.I

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-63957351852501158582009-11-14T08:16:00.000-05:002009-11-14T08:17:48.067-05:00

The corn market traded higher this past week after retesting the broken channel.I interpret structure to still be tracing intermediate (4) of primary [A].It's possible that wave (4) has completed and (5) has started. I don't believe this is the case though.Being a 4 wave, there is always the chance of a triangle or some type of complex pattern.Should (4)'s price low be in, we can start to get

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-3856512041672836632009-11-14T08:10:00.002-05:002009-11-14T08:16:38.430-05:00

The bean market traded higher this past week after bouncing off the daily 50 sma.Interpretation remains intermediate wave (2) of primary [C] of a double zigzag cycle b wave.Price action off the 951.25 L does not appear impulsive. This suggests that (2) needs additional work. Should this be the case, the channel will be in jeopardy.The 880.25 L is a critical level. Any trade through this price

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-75060261388531613542009-11-14T08:07:00.003-05:002009-11-14T08:09:00.023-05:00

Wheat market enjoyed nice upside price action this past week.Interpretation of the structure is an intermediate (2) of primary [A].It is unclear if we are still tracing minor B of (2), or if wave (2) has actually completed. My guess is that we are in the finishing stages of minor B , with C down to follow.The alternative is that (2) completed at the 487.75 L and we have put in some smaller degree

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-60674110587392024642009-11-13T08:16:00.001-05:002009-11-13T08:18:38.881-05:00

Obviously a double divergence on the MACD as of yesterday, but unless we get momentum and volume that confirms the downside pressure, this pullback must once again be looked at for a buyable dip. NO!!!!, I AM NOT SAYING IT’S A BUY HERE! I am saying that unless we see something different than the recent pull-ins we have seen, then we should not fight the trend. No, I haven’t changed my big picture

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-72282291829309373752009-11-11T16:57:00.002-05:002009-11-11T17:02:54.137-05:00

Folks keep on watch the meaningless DOW and mean while the real story is staring them in the eye. Gold fresh new highs and the US dollar at a 15 month low. The low prolonged interest rates is essentially weakening the currency as it is look upon the deep pockets as a sign of weakness that the FED is not willing to raise interest rates.Gold is up almost 30% year to date and that's nothing to

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-79146498441009632052009-11-11T09:35:00.001-05:002009-11-11T09:35:36.205-05:00

Another new high on Gold-Just popping in

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-22495520944145650592009-11-10T22:02:00.002-05:002009-11-10T22:09:32.519-05:00

I dont know if I will be around tomorrow as an emergency came up today and I have to be away possible for the rest of the week. The market rally looks tired but we have been saying that for awhile with no substantial pullbacks. What I am looking at now is the seasonality of the end of year Wall Street bonus game, that will no doubt delay any deep pullback just like last year.Very difficult to

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-26446662780468145702009-11-09T12:30:00.001-05:002009-11-09T12:30:58.492-05:00

Look on those suckers go- I have been on the phone all morning so I have just come around-hmmm

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-65834264499992396332009-11-08T22:17:00.003-05:002009-11-08T22:19:35.103-05:00

Watch crude carefully this week if we trade lower into wednesday time frame I would be a buyer- Level lower looks like 74 but I would be a buyer there. I don't think the push on the upside is over

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-14413182316004856272009-11-08T22:15:00.000-05:002009-11-08T22:16:41.201-05:00

he greenback had a huge spike higher Tuesday, before spending the rest of the week retracing the move off the 75.085 L.It appears that early morning spike was a "thrust" out of a (iv)th wave triangle. If correct, the 77.50 H completed a 5 wave structure that would be labeled minute [i].The ensuing retracement would be the wave [ii] retracement. It is unclear if [ii] has finished or not. It has

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-62107572736647862942009-11-08T22:14:00.002-05:002009-11-08T22:15:33.827-05:00

The 30 Yr failed its retest of the 50 sma, which resulted in nice downside price action for the week.The 50% retracement level of the move off the 111-23 L, which I have labeled (X)?, supported price again. I believe this level gives way rather soon.Equality comes in at 114-16. The minimum downside objective is 116-26.My guess is that price wants to test the 114-26 pivot. The 78.6% retracement

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-14187935137914968362009-11-07T08:25:00.000-05:002009-11-07T08:26:33.365-05:00

The bean market continued with its wave (2) retracement this past week.Interpretation remains intermediate wave (2) of primary [C] of a double zigzag cycle b wave. The primary [B] wave triangle is still my alternate view.Drilling down intraday shows a very nice ABC corrective so far for wave (2). Price had a nice deep 88.6% retrace.Perhaps it will want the reciprocal, 112.8% of A, for this C leg.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-61215594123077507502009-11-07T08:22:00.002-05:002009-11-07T08:24:52.706-05:00

The corn market continued retracing its leg off the 302 L this past week.Interpretation remains that this market is tracing an intermediate degree (4) wave of primary [A].I still have concerns about this (4) wave. As discussed last week, it appears to be tracing a zigzag. After such a deep A leg, we are left with little room for C. We did have a nice B leg up that helps.The price extreme of (1)

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-42655614715035806532009-11-06T11:34:00.001-05:002009-11-06T11:35:48.184-05:00

I am the biggest FAN of this guy! maybe because I am also a technical analsyst but hear what he has to say

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-71303520295817701492009-11-06T10:30:00.002-05:002009-11-06T10:35:01.632-05:00

Well according to my work sometime next week should be a high. It has been very difficult the last two weeks in the market to pinpoint the cycles as we have had earnings and the FED meeting which has distorted the analysis but it should still be in the trend never the less.Gold just running on nitro here and been talking about gold along time and it should have made it new adjusted high. This

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-50406008288587013342009-11-06T08:42:00.002-05:002009-11-06T08:50:03.166-05:00

Unemployment rate is now over 10% again I thought the recession is over!! No folks that 10% I am telling you is so underestimated that I think that figure is more like 20%, Yes 20%. I said it many times U.S. unemployment will mirror those of the Europeans and there is nothing that can be done.We will be looking at double digit unemployment for a long time and the government will have no choice

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-15822003763254803952009-11-05T12:20:00.001-05:002009-11-05T12:22:12.376-05:00

I guess I had a heartache for a reason, kept me away from this boring market action. Gap and go off the numbers this morning but that's it, nothing exciting, very difficult to trade a day like this.Oh well it all can't be exciting everyday as you know.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-76137988342082563762009-11-05T08:17:00.001-05:002009-11-05T08:18:16.821-05:00

Waiting on the unemployment numbers but I doubt I will be doing much market stuff today as I work up with a terrible headache.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-84616104402788026762009-11-04T10:25:00.002-05:002009-11-04T10:27:17.685-05:00

Nothing for me today and yesterday because of FED meeting. Just watching and doing other stuff that I need to complete - Here is a 240min chart I am following

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-78968977766997580912009-11-04T08:44:00.001-05:002009-11-04T08:44:48.071-05:00

Just hit my B point for 1091- wow what a run!. Next stop 1105???

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-76445124434593531642009-11-04T07:28:00.002-05:002009-11-04T07:29:02.861-05:00

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0