22-24 should be the right price to buy again. And a 15-21 % Correction is quite a bit, so time to sell and wait ... A 3% Dividend is not enough to hold and wait.
Wyckoffians usually Call a Narkdown when they see that Pattern. 1440 correction Potential from the TOP... Be cautious when trading!!!
For sure waiting on tomorrows COT Data, but on a regular correction we should see low 70 coming soon, but if Market exaggerates in a similar way towards the bottom even 38-44 could be reasonable.
The bubble did pop... The biggest 4 at NYMEX are short !!! Since they hold about 40% of Futures/Options we have to be aware that they make the price. The Correction rang is at least 78-88 . Maybe even back down to 60.
It's a good idea to get rid of Shares from Glencore... at below 380 is a good entry point
The eurodollar as a indicator of coming rate hikes point's towards 0 % Fed Fund Rate this year... Futures indicate clearly that the risk is to the downside. Biggest 4 Traders indicates the same...
Be aware. We are at a "double" support... From COT Data the chance is on the long side.
One of my fav. correlations is the here shown... 4-4.5 trill. USD daily Volume in USDJPY FOREX Trade compared to a few 100 mil's in Miners. Guess who will be the mover ... GDX at 20 starts to be a long term buy.
Looking at long term trend, the question is when the overvaluation of the Market starts? Now or when it leaves the trend channel ?
The average price Target by analyst's is 117 ! Even back to 66 is a good 60 performance
At current price levels Shell should be at 34 & BP. at 7.8 ... Let's have a look when they will catch up with performance. Bet aware the big 4 COMEX Commercial Traders are positioned such extreme like in 2005
no words to say ... but be aware that the tech bubble did burst again. expect a value rotation in coming months
NI225 & HSI should reach correction Minimum soon. As well as other major World Indices.
Similar fractal structure & similar Futures & Options positioning of the Commercials. Could go down FAST !
Average Analyst Target is 76 !!! Highest is 156. From Volume Analysis we can see that reaccumulation started in Summer. Someone is buying at current prices.
GSK should have a reasonable upside Potential and Dividend yield of 7 %
I guess it should be self explanatory... 30% till middle of Dec.
Morphosys should soon correct to above 65 Region... Lowest Price Target by GS is 75 and highes 140.