Call me crazy but I think AMD is going to fill some serious gaps downward. The stock is overly valued. Look what happened to the stock in 2011 after they released the FX series. It was nothing but hype. The company also have one of the worst balance sheet. Someone brought up a good point on StockTwits that the book value on this thing is $.44. So current...
History is bound to repeat - be cautious here as the market saw a swift decline before a raging bull. Good place to be nimble and on your toes. Keep in mind, central bank policy is completely different, but the chart is looking eerily similar leading up to familiar rhetoric from Washington. I favor a debt correction in 2018 as the bills will come due and then we...
DOWI has made all time highs today, yesterday, a week ago. We are gapping, gapping and gapping. We are overbougt right now.
Every single larger economy is pumbing money out in their nations, with very low interestrates. Some places you even get money for renting money. The inflation is not as high as is the last financial crisis. The bullmarket has begun, and it's...
This is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable...
U.S is in deep debt at $20 trillion and seems impossible to back them back. Might go default. I think when the next debt cycle comes which I think its soon we could see SPX and Dow Jones dip over 50%-60%.
I don't think the soon to be President Trump excitement is yet over. Based on EW structure, pattern projections and parellel channels I think we may well see a Dow of 21000-22500 before this bull dies. See previous chart posted today.
On the daily chart I give the level where wave 5 = wave 1 which is a common relationship.
Also note the big spike in volume...
9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is...
