12:25 am PST. I plan to work this weekend on setting up a live trading room possibly through Omnovia where people can have access to my block trade indicator, as well as my technical analysis. What I think I plan to provide are my wave counts on the Dow, SPX, NDX, treasuries (TLT), the Euro, USD/JPY, the U.S. Dollar, gold, silver, and select mining stocks. What I plan to offer is basically 40-hours/week of a live trading room where you can see how I approach the market, my pre-market analysis of how I plan my trading day, my closing thoughts for what I think the market could do the next day at the open, and a variety of other technical indicators.

I do not think I can actually show the arrays I took pictures of at the conference because I do not want to run into any copyright infringement issues, however, I will discuss my thoughts of what I think the arrays indicate without showing the actual arrays or revealing the reversal numbers. You will have to subscribe to Socrates through PEI to access that.

Just thinking out loud, my initial thought is to charge people $75/month for 160 hours/month of live market chat and proprietary technical analysis, access to my block trade indicator, and my independent analysis of the arrays and reversals once Socrates trader goes live.

12:19 am PST. I made it safely back home!! Yay! I feel so happy to see my children. A mother feels lost without her kids, at least for me. I wanted to write more about WEC and my experience there. Now safely back at home, I have to say I really had a fantastic time. I always learn so much from Martin Armstrong and from all the people I meet there. A little more than 300 people attended the conference.

Martin has such an amazing perspective on how he approaches the market. He is exceptionally thorough when he looks at a trade and I am just so impressed with how much work he has put into gathering price points on a variety of different trading instruments going far back in time. Marty, you are just pure genius. Everyone wanted to talk with Marty at the cocktail party. It was understandable that his staff had to cut people off after a few minutes of conversation so he could move onto the next person and do photos.

Erwin definitely proved one of the highlights of the entire weekend. I basically stood next to him for what must have been more than an hour at the cocktail party peppering him with questions and listening to his answers from fellow attendees. Erwin was so helpful, very experienced, and very nice to answer all my questions, regardless of how basic.

I met so many interesting people from all over the world. I met a gold trader and another commodities-cocoa trader both from Malaysia. I met a former hedge fund manager from China, and a fourth-time WEC attendee from Japan. I also met an investor from South Africa who basically gave me a trading-psychoanalysis session, which was very interesting! Assis, you ought think about doing that professionally.

Also there, I saw a few faces from WEC 2015 Princeton, which was such a pleasant surprise. So great to see people from then. You travel half way around the world and it always feels nice to see familiar people to catch up with. And I met some folks from the SF-Bay Area too! Nice.

Interesting tid-bit, I learned that Ashley Warren also never went to college. He started trading right out of high school after he got his start with a bunch of rugby (I hope I have the sport right) mates who also traded professionally and gave him his start on the trading floors in Britain. He then, as most people know, went onto to become a market maker, before joining PEI.

Here is the dessert table. I went 100% raw vegan before the conference, also eliminating all sugar from my diet. LOLOL! I sorely missed out on all the delicious array of things to eat from the desserts, to the caramelized meats, the noodle dishes, and almost nearly everything except the vegetables and fruit.

Our group’s view in the lobby of the Intercontinental Hotel Friday evening where a dozen of us met up to chat. This is our view. None of us are actually in the picture. We could see the Symphony of Lights show from our couch.

Martin Armstrong discussing the arrays on Sunday afternoon.

I gave Marty several books as a gift. I have a little bit of a soft spot in my heart for the wrongfully imprisoned. I was not sure whether he would accept them. I do hope he enjoys the books and makes good use of them.

Martin Armstrong and me at the cocktail party. I hold a glass of seltzer water.

5:34 am Taipei. I fly back to SFO this morning after finishing the conference in Hong Kong, and my subsequent visit to Taiwan. I felt I had a great trip. I learned a lot about the markets, trading, myself, and the world.  I miss my kids so much. I cannot wait to go back to see them.

There is a possibility that I will move to a paid site for more sensitive trades and timing on entries and exits as I have begun to realize that my technical analysis is quite decent, plus I have the added knowledge of having seen arrays from Socrates, which I certainly do not want to divulge for free. I understand how to use the arrays and reversals system.  I have also had some requests from readers living outside the U.S. for access to my live block trade indicator, which I am interesting in accommodating.

I feel that my technical analysis skills, my understanding of how to use the block trade indicator, and my knowledge of how to use Socrates will make a very profitable combination.

I will conclude my trip with this thought – my previous post on gold still stands.

Taroko National Forest Main Gate

2:49 am PST. In my humble opinion, for the long haul, buy-and-hold scenario, the safest thing to do right now for gold is to wait for a decisive break above $1300 to go long. Or a breakdown of $1000, but if the breakdown slingshot never occurs…then a breakout above $1300. Right now, gold is just doing a lot of back and fill because of what’s happening with the Euro, dollar, treasuries, and the Dow.

2:43 am Hong Kong. It looks to me as though the Dow could find support at 20,500, which might be another buying opportunity. Again I am not trading this week, but I think the Dow could be making out a wedge pattern here before continuing to rally into June. Not 100% sure, but if I would watch the 20,500 as a key level of support.

2:20 am Hong Kong. Things have gotten very interesting in the currency and gold markets this week. I had mentioned that the dollar broke down from key support and in previous posts that if it broke down from the wedge it would be very, very bearish. Well, UUP also broke down from the uptrend line from 2014. The UUP could drop down to $24. The thing to watch is the backtest now of that broken trendline. I still have no positions on right now either way in anything. The price patterns have become very interesting to me now in a variety of instruments. Just watching now. I plan to head over to Macau today to see the “gamblers” lol, and mostly “trying” to sleep during U.S. trading hours.

The USD/JPY has met and somewhat exceeded my downside price objective trading down to 110.93. The next level down stands at 109.42.