This fractal has been working for quite a while. A lower low is expected before end of November, as December is seasonally favorable for lumber.
Chart looks to be tracking an expanded version of the 2006-07 cycle. A Mandelbrot, chained in an action/reaction downtrend, which has just been tested. Swings since October 2013 are practically the same, as the inv h&s is completed now. What's impressive is the coincidence of the upcoming earnings, today AMC.
This shrunk analogy looks decent, prolly the most bullish case scenario. If the model plays out, after a 10% ramp, Spoos will retest 1960 by September's witching. Current continuation H&S inv has just b/o the neck as despite the tapering, the 10y yields jaws, the fixing scandals, despite the tensions with Russia, despite the margin debt shrinking, despite the...
Weekly chart. Looks like it's repeating itself with accuracy.
The pattern is almost perfect. However, if it plays out correctly the decline wont be a straight line, assuming 10 as potential tgt. The roof has been built on the Ukraine Crisis and the Russian invasion of Crimea. Whats left? A catalyst to pull down this domed house of cards.
As the federal balance sheet keeps on expanding, the kind of juncture we are about to see might be tracking the end of QE2 in 2011. They will blame it on the weather, EM, China or Russia, but the reality is that after 5 years of this 10:15-centrally-planned-market the real economy is struggling again. QE has inflated everything related to the wealth effect, while...
Fundamentals are deteriorating so it might be interesting to see if it keeps on tracking the analogy ahead of the supportive TL.
-potential pullback in the near term -more downside risk till March INDU is showing the same pathological pattern of others notable market tops. There are analogies with 1929-1973-1987-1990 and here with 2000 tracking a failed H&S followed by new ATH. The reaction on the 240 DMA (220 DMA in 1929) like 14 yrs ago might take it to retest the 68 DMA (50 DMA in...
Now, on a daily basis we saw a self repeating analogy on MNKD Then, todays rally on 2x avg vol suggested a closer look. The amazing thing is that even on the weekly timeframe, we can see something: the 2009-2011 price action might explain the entire chart from the same IPO, as we are now about to enter in the last stage of the analogy. Definitely to be seen as...
Pretty curious to see if this self similar fractal keeps on tracking itself. It would mean: rally till the PDUFA and then a self-repetition on a lower scale. Worth to note the huge short interest.
The analogy follows the 11/2010 - 8/2011 movement. From a technical standpoint both MACD and RSI are tracking quite nicely the fractal, enough to consider: 1-potential weakness into the coming week 2-a final rally at the end of January 3-lower lows till May Potential catalysts: - turmoil post-tapering in US equity mkts showing worrisome analogies - local...
Rare earth play at neck b/o. Producer of molybdenum with copper and gold reserves. Float short >20%-> potential ss P/B=0.23
Might be interesting. 1min top mirrored fitting nicely on this bottom. RSI DIV + 60 MIN We'll see if we are in for a double top.
-Weekly chart is starting a potential negative divergence on the RSI -Gann's 7 times the base might be pointing to the 108 area, as a sudden slide in EURUSD could match a mirror, claiming lower levels for the pair in Q1. -This scenario would match w/ a 17K INDU top right ahead of a correction
As many gurus have pointed out we might be tracking 1929. In this scenario 17K tgt as a final ATH top would come before a sudden crash...right before the anniversary of the 2009 lows. Will the lit-taper cause a Butterfly Effect?! We'll see but anyhow 17K seems to be...at least for now... the next stop for the Keynesian-monster created by Mr.Bernanke. Of course,...
Weekly chart // It's not easy to find a mirror. More harder to know how much it keeps on repeating itself, with the assumption that the positive RSI divergence is confirming the green projection. A 2.87 beta and a negative alpha won't help the trade, if mkts turn more volatile (which is very probable): there comes the 150 ticks stop.
HMY @ 1998 lows. One of lowest p/b among peers. Beta 0.11 Weekly chart starting a positive divergence RSI right on the median live. GC/HMY ratio @ ATH showing itself a negative divergence (not shown here).
Some say that price is what you pay, value is what you get. So whats the value in bitcoin?....potentially infinite as far as the n# of bitcoins is limited versus a devalued currency, beyond any imagination. But fear not...after more than 400% ramp in just a month w/o a serious catalyst...even the thinnest low float penny stock experience profit taking at some...