move easily breaches 160. $DJIA $TM_F
Price closed above ML so will attempt to head towards U-MLH
$RUT $IWM $QQQ $SPY $SPX $MDY $IYT
Previously on 2913.10.18 I forecasted that price will hit the thick median line before we will see a reversal. Let's see if it gravitates the the L-MLH as depicted in the downsloping red arrow.
Look at this ratio- if this is bottom than a new bull market could begin - big caps should only start to rise faster as small caps. SOME CORRECTION FROM TIME TO TIME IS HEALTHY:)
Looking at the touches on the the colored circles you can see how you can catch the top and bottom of price precisely. The yellow, green and red channels are equidistant or having the same price frequencies. This is defined by using a sliding parallels to capture price frequency when it protrudes out of the pitchfork and failed to reach the Upper Parallel(U-MLH)...
I continue to stick to that position and believe that we are in a special bullish cycle despite any impending news headlines or geopolitical concerns. This is one of the most difficult distractions for all traders. It is natural to want to correlate market price action with a news headline. As human beings, we always want to connect a cause to and affect but as...
Just for fun - history rarely repeats but often rhymes. Good luck!
Hammer formed in oversold condition. Wait for Monday to confirm momentum. Need a positive candle and higher volume. Look to test old high and pass it. Stop loss should be support at ~148.
"2013 FORECAST: Once again, 20 weeks of time have developed at one price AND the market has climbed above that level (of 129) signaling an advance for the next 20 weeks. The DIA has price resistance from old highs and therefore will likely chop sideways for the better part of the year, with sharp sell-offs to keep the short sellers happy and for trendlines to...
2013 FORECAST: Once again, 20 weeks of time have developed at one price AND the market has climbed above that level (of 129) signaling an advance for the next 20 weeks. The DIA has price resistance from old highs and therefore will likely chop sideways for the better part of the year, with sharp sell-offs to keep the short sellers happy and for trendlines to...
Based on the "Most investors sell on the bottom" chart I upgraded the analysis. The pattern repeatedly shows that after initial sell-off there is a rally. This so called "Dead cat" rally usually meets the strong resistance of 50 day MA followed by another drop. Current pattern obviousely shows we are in rally mode, however there is high probability for further...
The chart ultimately proves the statement: "Most of the investors sell at the bottom". Think about it! Best CapitalHubs.com
This is a purely technical guesstimate for how the market will advance given the pschological, sentiment, monetary, economic environment as I analyze it. The waves are just guesses based on market reactions to visible support and resistance levels. I "saved" this yesterday with the DIA at 128 and now with the market back up to 129.70, it appears that the support...