Souljester

LATEST ARTICLES ( 237 )

• Extreme Bull Versus Hard Bear Wave Down: Binary Moment

  

  I am still out until May and largely posting thoughts on Twitter when I have time. However, I wanted to take a few minutes to post an explanation of my morning... Read more

  Posted on 18 March 2014 BUSINESS, ECONOMICS

• The 2012 Wave Up May Be Complete

  

  From an Elliott Wave perspective, one can now count the move up off the 2012 low as complete. Here is the chart: This is important for the long term scenarios... Read more

  Posted on 13 March 2014 BUSINESS, ECONOMICS

• Iwm Top Call Still in Effect

  

  So far that March 4, IWM TOP CALL was dead on having marked the top in IWM. The call was posted at IWM 120.22, and the top was 120.58. Read more

  Posted on 13 March 2014 BUSINESS, ECONOMICS

• Small Caps Hit Upper Resistance Channel

  

  I call Top! Now let's see if the market listens or not. My stop remains SPX 1920 area as was posted earlier. There is always a bull path and a bear path. We... Read more

  Posted on 04 March 2014 BUSINESS, ECONOMICS

• Brief Update

  

  Just a brief update as I am away until May and will not be posting much. I have been watching the potential breakout in CAC for reversal. The implications of... Read more

  Posted on 03 March 2014 BUSINESS, ECONOMICS

• Added 3 Short Postions with a SPX 1920 Stop. I Will Be Back in May.

  

  I am going to play this area for a big bear move. The Bear Scenario, Bull Scenario, and potential large top in this broad area and time are discussed in the mos... Read more

  Posted on 26 February 2014 BUSINESS, ECONOMICS

• Did the Entire Wave up from 2009 Top? The Miracle on Ice Bull Market Wave.

  

  The very first blog post on Red Line Scenario was the Fibonacci importance of the sentiment shift involved in the Miracle on Ice Hockey Victory. Read more

  Posted on 25 February 2014 BUSINESS, ECONOMICS

• Entered Second Speculative Short Position

  

  Trading back through the breakout has me entering a second short position. This is the only other position I will enter on this near term. Depending upon the... Read more

  Posted on 25 February 2014 BUSINESS, ECONOMICS

• Exited Long Positions (Post Completed)

  

  This is not a directional call. I exited the long positions today at 1857.70. Here is the chart: As you know if you follow me, my stops are manual and all... Read more

  Posted on 24 February 2014 BUSINESS, ECONOMICS

• Entered Speculative Short Position

  

  SPY hit the measured move target from the earlier chart. It has sold a smidge off that move. This is just speculative based upon the time cycle this week. I... Read more

  Posted on 24 February 2014 BUSINESS, ECONOMICS

• Update: Extreme Bull Scenario

  

  Just an update on the Extreme Bull Scenario. Extreme Bull Scenario Post, February 13, 2014. We still need to break the highs in SPX, though we did break the hig... Read more

  Posted on 20 February 2014 BUSINESS, ECONOMICS

• Closed Shorts at 1842 and Entered 2 Long Positions with Stop at 1834....

  

  I closed shorts just below 1842 and entered 2 long positions with stop at 1834....This potential breakout puts the Extreme Bull back in play and I am not going... Read more

  Posted on 20 February 2014 BUSINESS, ECONOMICS

• Added Two Short Positions at Resistance.....

  

  The 1825 support discussed yesterday held. We are not ST bearish unless we break below. We are, however, testing resistance. I think it likely breaks to the... Read more

  Posted on 20 February 2014 BUSINESS, ECONOMICS

• Speculative Short Update

  

  Per the morning tweet, I am staying in the speculative short for a bit to see if we double top or not. Statistically, I would say odds of a double top are less... Read more

  Posted on 19 February 2014 BUSINESS, ECONOMICS

• Harvested One of the Speculative Short Positions

  

  I harvested One Speculative Short Position at 1830.90 (near the rising 1825 initial support area noted earlier today). I want to see if this area holds or fails. Read more

  Posted on 19 February 2014 BUSINESS, ECONOMICS

• Highly Speculative

  

  I suspect we will break out to a new high. But the stop is too easy here so entered two short positions at 1842. This is negated if we make a new high in SPX... Read more

  Posted on 18 February 2014 BUSINESS, ECONOMICS

• Harvested Final Long Positions

  

  This is not a directional call. I want to see if Bulls can break this top or not. There is a short setup that could be built here if they do not. Read more

  Posted on 18 February 2014 BUSINESS, ECONOMICS

• Harvested 1 Long Position at The Top

  

  This is not a directional call, just lightening up near the prior top. I harvested 1 long position at 1838. Chart: With this exit, I gained 18 points on this... Read more

  Posted on 14 February 2014 BUSINESS, ECONOMICS

• End of Week

  

  Not much more to say that hasn't already been said this week. I moved my stop up to a little below this week's low. Chart: This intiial short term cycle off thi... Read more

  Posted on 14 February 2014 BUSINESS, ECONOMICS

• Bullish High Quality 3 Bar Reversal on the Weekly Could Complete Tomorrow

  

  I have been watching this week's candle to see just how bullish this may be. Unless they trade below 1797 tomorrow, which seems unlikely, we have a massively... Read more

  Posted on 13 February 2014 BUSINESS, ECONOMICS