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Break out is still in play and volume is good, although it is a little extended above the 8day. Some consolidation here would be healthy

Apple is still a market darling and many are perma-bulls - I however am not one of them. Once we reach the OTE short zone $580 to $620, I for one shall be watching for a trade-able top to come in. Momentum is current very divergent and I am afraid the public is being sucked into another trap. Consider too the simple fact that AAPL is currently trading at more than 3.5 times book value, this is not a cheap stock. Buyer beware!!!!

The daily time frame of the AUD vs JPY has closed on Friday creating a gravestone doji at the resistance level between 94.090 and 94.457. This candlestick is a representation of supply and demand being equal as price opened and closed near the low of the day. What is significant is how high price moved up but the bears overpowered the bulls and pushed the price nearly 90 pips down from the upper resistance zone at 94.457 to below the zone at 94.090 and closing at 93.599 Just the rejection is impressive and shows that the level above is a strong resistance point. On the chart you see the upper resistance zone between 94.090 and 94.457 and the lower support zone at 90.647 and 91.071 Price has been ranging within this zone since September 2013 with a few breaks but mainly maintaining within the zone. All signs indicate that price will not break the upper level of resistance and we should see a decline in price in the near future. There is the possibility for price to move upwards and test the upper zone but more long term I see a decline on the horizon. Have a great trading week and God bless!

The present grows within the boundaries of the past

Looks like plenty of weakness here. Retest of $513 seems likely.

Has been in a 1.90 Price Range. MA50 coming up from below MA200. Suspect breakout of this Range soon.

GBPCHF----looking for Channelsupport...RSI TL support...not yet over bought once....moving upward...

Friends, Yesterday, we posted a preliminary bearish statement, calling the trader's attention to a possible downtrend. I made it clear that the bearish statement was lacking an early bearish market reversal, and to this day, that signal has not been emitted. Yet - Here is the prior analysis and the option for you to replay the price action: https://www.tradingview.com/v/YWEMtdaE/. ANALYSIS HOLDS AT RANGE: In that analysis, we defined a few structural points, namely the 1.07488-1.07353 resistance range, as well as a cautiously early target as "TG-1 = 1.05260 - 06 MAR 14", drawn against the plotted points of a Bullish Bat. The "Bat vs. my predictive analysis" point here was to emphasize how price is not always the best indicator to define a trend, since the proprietary system applied herein is price-independent. PREDICTIVE ANALYSIS CAN TRUMP PRICE: In fact, we just proved yesterday and today a similar point, when our targets for the EURUSD were defined above the multi-year resistance trendline, and yet both target got hit consecutively, one candle at a time. See where the THIRD target rests here: https://www.tradingview.com/v/M9a5MWar/. While we await an early bearish reversal signal followed by a bearish market reversal confirmation, I thought it might be worth a Friday's while to look at a next level of complexity regarding eh Wolfe Waves Patterns. WOLFE WAVES PATTERN: As you may recall from prior explanation, the Wolfe Waves pattern ("WW") represents a rather advanced, complex market geometry, in which trend, counter-trend and trendline all work together to exact an area of reversal and a target. Now, add to that mix "trendline transposition", and you'd become atuned to the next level of WW complexity. Here, I am referring to the use of the 2-4 Line, which if cut and paste, and placed at the tip end of Point-3, projects parallel to its original 2-4 Line, but away from the 1-3-5 Line. DEFINING 3-5' & 3-5'' LINES: In fact, the transposed 2-4 Line now becomes the 3-5-prime (written as 3-5' Line), and "physically acts as a discreet but efficient overhead resistance IN CASE price was to BACA (i.e.: Break Above, Close Above") point-5. The example in the chart is LIVE and supportive of this technical reality, as 5' has dutifully acted as the point of reversal, as it should - There is also a 5-second, or 5" point, which is none other than that same 1-4 Line transposed and originating not from Point-3, but from Point-1, effectively becoming the 1-5'' Line. 3-5' ADVANTAGES: While it seems that these various lines allow the trader to chase after price, remember that these lines are very reliable as a FIRST advantage. In fact, I find 5' more reliable than Point-5, as price often tends t favor that loftier level of reversal. As a SECOND advantage, Point-5, 5' and 5'' allow the trader to set stop-losses quite tightly, thus affording larger rewards to risk ratios. OVERALL: (additional text below chart) ----------------------------------------------------- Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster

For the record, short triggered @ 0.91223 Background pattern: - Great White Reversal Pattern: - Modified Wolfe/3-Drives Internal Pattern: - Bearish Shark Target: 1 - TG-1 = 0.86946 - 07 MAR 14 2 - TG-Lo = 0.85845 - 07 MAR 14 NOTE: Watch for 5-0 completion and adverse excursion > entry point. Directional Bias: - SHORT System Direction: Neutral (pending market reversal confirmation) David - 05 MAR 2014 (after market close)

Friends, A quick note here to mention that our second target "TG-Hi = 1.38997 - 15 FEB 14" got hit as of this market closing day, and this following yesterday's first target "TG-1 = 1.38632 - 15 FEB 14" hit at prior candle. While our system indicates growing internal weakening, nothing yet has come out to indicate imminent reversal. Hence, the directional bias remains intact, and the loftiest target, defined at TG-Hi = 1.39508 - 05 MAR 14 remains a possibility. Cheers, David Alcindor TradingView.com Moderator, Alias: 4xForecaster Predictive Analysis & Market Forecasting PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor. ----------------------------------------------------- Get signals, analyses and forecasts on Twitter Alias: @4xForecaster ----------------------------------------------------- Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster

WARNING: Unless you've been scalping this upward channel, which at the maximum could've yielded between 500-700 pips; this is a risky play considering the number of times that this trend line has been tested. I personally scalped about 300 pips out of this channel so far, so I can afford the risk. Wait for price to hit the trend line in the 1.669X region for a possible long entry. Consider exiting if price closes below the trend line. Target 1: 1.682X region (February high) Target 2: 1.7000 (highly doubt we'll get there on this attempt, it'll probably come back down for another long opportunity before going back up. Contingency plan: Even if the trend line doesn't hold, the entire 1.66-1.67 is a solid buy zone for position traders. However, I'd wait for the lower end to try going long again. Possible support levels below: 1.664X 1.661X 1.66 (BIG LEVEL) 1.658X

Nice rejection of a resistance zone. Price could head lower from here.

Also note how the RSI and Stoch haven't been able to enter into their extreme bearish zone.

The banking stocks have been on fire lately and even though the KRE trades almost 3 Million Shares in a day, I think it is headed higher. Today we saw a trader buy 10,000 plus KRE April 44 Calls for $.31 which was a $300,000 investment. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. KRE has a date with $44 so I am long the KRE April 44 Calls for $.31

The Bank of New York Mellon Corporation provides various financial products and services worldwide and the stock has been under performing the stock market, but I think it is time to rip to the upside. Today we saw a trader buy almost 10,000 BK Sep 35 Calls for $1.08 which was over 6.0 times the normal volume in a day and control over 1 Million Shares of Stock. We continue to see bullish activity in the KRE, so I bought these Calls for $1.09 as this trader is making over a $1 bet in this stock.