usoil to dip to 55.69 then up to 63.69
this is based on projections which i turned off for publishing
the red squiggle is the price level I derived and it was spot on.
so now i wonder if this also be spot on.
anyone else have ideas about this?
Of course, the projected future waves are pure speculation and I'm not expecting any patterns to repeat themselves exactly. There do exist, however, 7-year and 13-year cycles in the market that deserve consideration and further research, considering the similarities I believe to be showing quite clearly in this comparison. I have made an effort to simplify this...
A possible long position in WMT in the near future, upon confirmation of bullish trend - (price above Ichimoku cloud, MACD, MA's or your own chosen set of indicators).
It's a well-known consumer brand that pays a high dividend and there has been recent positive publicity relating to this stock in popular financial press -...
Fib and trendlines go back to 2005 as I'm looking for longest term convergences.
I think it's significant that gold found support just above the .5 fib level at 1180 in June 2013 and has gone up since then.
The market loves to exaggerate - hence the bull run since 2008 The way I see, it's just been a severe but not unnatural correction from 2011 and will reverse...
The thicker green bullish trendlines are much older than the thinner more recent red bear ones. I believe gold is done testing the .5 support @ 1170 and about to break through the 0.382 @ 1346 and up. Could be a very long term trade.