DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC, GENERAL ELECTRIC COMPANY, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Monthly log channel.
Disclaimer: In between trades I like to project price for entertainment purposes only. I trade purely on price action - sup/res.
After seeing a million charts I like to predict how price will act. Again I never pre-empt price action (wait - that's a lie. I sometimes do and that how I lose on trades).
Always wait for the trade to come to you. Patience is key.
Revising my $69-70 target down to $65-66.
My Original idea from July 17 - was Crude would reach 69-70 by late Spring early Summer.
I'm not in the business of calling tops, however as a TA technician, I'm inclined to take my shots based on chart analysis. The current setup in Silver maybe the most telling that a prolonged decline in equities are upon us.
Not calling for a crash, perhaps more of a gradual decline.
Silver, hard to argue a bear case. In fact, silver looks to be the real winner. Gold's momentum in the month of December 2017 is similar to early 2016 imo.
Hate to even mention bitcoin in 2018 - but the chart similarities to BTC are eerily similar to when BTC hit a low around 250s and began it's epic ...
GDXJ - everybody long end of December. Me I just like to watch the world burn in capitulation.
Price projection given current pattern development.
OIH 8 24 2017
Appears to me NE is building the classic stair step pattern.
Maintaining a $25 price target +/- some change.
Gold price projection. This isn't particularly how it will play out for gold although I do think gold goes below 1000 in 2017.
The 50-50-90 rule: Anytime you have a 50-50 chance of getting something right, there's a 90% probability you'll get it wrong.
Short term, I think gold consolidates some of the oversold steam between 1115-1200 12/2016-3/2017 then down.
KOL - Short the coal into 2017
Looks to be a decent short opportunity into 2017
2001 Market Crash
2001-2006 Housing Bubble on easy credit
2007 Rates drop from 5.5% to 0% by 2009
2008 Housing Bubble busts - Market Crash
QE Begins 2008
QE Ends 2014
Stock Buy Back Begins
2015 Dec .25% rate hike
2016 Dec .25% rate hike
Entered my 1st pos short via $SOXS - One of the hottest sectors this year since the Feb 2016 lows.
Clearly see the darvis boxes and 5 waves on the DXY weekly