Crude / Libya & Gaddafi

Defying West, Gaddafi Forces Push Into Benghazi

http://www.cnbc.com/id/42164139

Potential impact for the open in the crude markets..

E-Mini Crude

Today's action from a geometric standpoint..

E-Mini Crude Active Fibs

Active Fibs for intraday traders ... this is a 5-min chart QMJ11..

Have a great weekend!

--Tony

Euro Levels

The Euro's climb to the stratoshere is not done yet but it could be done for today. This is where a tighter stop on longs should be initiated!

AUD Futures - Fibs

Attached are active fibs in AUD futures for all the FX traders.. this is a 5-min chart.

Enjoy!

ES's Active Fibs

These are the ES's active Fibs for 3/18/11. Presently the Blue Fib is to be considered counter-trend and could reverse at any time since the change in trend is still unconfirmed with a secondary higher low!

Euro's Active Fibs

These are the Euro's presently active Fibs for 3/18/11 NY time! I'm using RGB for Long term, Intermediate, and Short term along with timing elements for intraday. God Speed!

Euro Active Fibs and Timing!

The Euro's active Fibs and timing are displayed but thre's a possibility that we may be entering into correction mode at this time!

ES Active Fibs

These are the present es active Fibs. The hourlies could be forming a bottom but is yet unconfirmed with a higher low.

Euro Bounce

The euro bounced off a 261.8% Fibonacci projection in price and a Sol note in time!

ES Futures Active Fibs

These are the still active Fibs on the ES's. I would not step in the way of a falling boulder. If you think it's bottomed I'd wait for a secondary higher low before going long!

S&P's Make or Break Point

We either support now or get ready for a sharp drop!

To reinforce Tony's excellent article on philosophy music and trading published in FXstreet.com here is a Euro chart denoting how the Sol note has been marking the highs, :).

Happy trading to all!

QMJ11 E-Mini Crude Active Fibs

What an absolutely beautiful day to be an intraday energy trader.. (or hell any market for that matter)..

Here are the active fibs on the QMJ11 contracts...

Keep on truckin'!

--Tony

Euro's Updated Fib Projections

I had been away for a couple hours but the Fibs are still banging. We alerted to the euro's topping last night showed the most likely support this morning and up and away we go!

:)

Euro update!

I will be away from my computers for the next several hours but thought I'd update the Euro before I leave. Yesterdays topping action was predicted but now it comes down to how deep this will retrace. Putting the count aside this is the present Fibonacci projection that the Euro is bouncing off of. Hopefully things will clarify very soon. As stated, over the last week or so all markets achieved important levels and timing so now we need to let things clarify a little and get rid of all the noise the news is introducing! :)

E-Mini Crude Futures Update #2

Here are the first 3 waves down.. which corresponded to a 1.618 extention on the hourly bars.. that was a nice and quick trade.. I'm beat so closed it out and heading to bed.. could it go further?  I think so.. but no need to be greedy.. hope those who trade crude were able to capatilize on it!

Best wishes.. Tony

Euro update

Looks like the Euro may have nearly completed or completed its first move up! One more pop above todays high could seal the deal and make it ready for a corrective waves. Basically it's time to tighten stops on longs!

E-Mini Crude Futures Update

Still waiting ... ending diagnol now.. LOL.. just for clarity I do not plan on holding this short for long if the opprotunity does present itself.. looking for a quick pop (3 waves down in Elliot Wave Terms) and I'll be out waiting to get up long.. most likley will be a long option strategy in the August contact.. although I plan to short the April contract..

Patience Patience Patience.. it's like that old song .. "something's gotta give something's gotta give something's gotta give!" :-)

--Tony

E-Mini Crude Futures TIME Aspects

Also worthy of noting are the time factors of the moves --

A:C = C:E x 3/2 -- (Major Fifth)
A:C = C:D  -- 1:1 Unison (or Octave)

This is in the crude chart I just posted of the "leading diagnoal" in the QMJ11..

E-Mini Crude Futures

As we reported yestarday, that we expected crude to rise .. it appears we are in the process of completeing an Elliot Wave "leading diagnoal".. this is April futures..

Pull-back could take us down to the mid 99s ...

Happy Trading!

--Tony

Silver 03142011 - Price/Time

You can see in the attached chart that the inital price target was hit and we are now sitting on the first timing target that were sent out in yestarday's report.. Which way will we go?  Around and around on the merry-go-round..

--Tony

ES Update

Once again the all important Friday low must remain intact! If not then wave C is not complete but the bounce off the 127.2% Fibonacci projection was a very low risk entry. :) Stops should be placed no lower than one tick below.

ES Futures

With Friday's rally in the ES's which produced 9 small waves on a smaller timescale we could be nearing support. This is most likely a wave 2 support if Friday's low is not breached which is very important. If it holds we should start lifting strongly off this area!

Euro's first wave almost complete

For those who attended our vector seminar yesterday we fully expected the gap to be filled over the next trading session and then a move to a new high! Well, here you go. With the ensuing setup this has now registered a minimal 5th wave. With that said stops on longs should be tightened as we are on alert for an impending correction of this rally. :)