goodguy

goodguy

For you who follow me you know I try at times to guess at the very long term pattern. For this I look at EWT patterns. For me EWT is always a guess so I don't ever use it alone for trading. There are always too many possibilities in the EWT counts (at least for me). But sometimes it helps try to figure out the longer term possibilities. The count presented here...

goodguy

You can see if gold pops up next week it will be a break up of both the recent high but also out of the channel I’ve drawn. Personally I favor we will have have a correction here. If price action supports this next week I will short with my target drawn. Process your way. Feedback always welcome. Have a fantastic weekend. You will be spending the currency of time...

goodguy Updated 

Looking at this long term I believe we are likely at the end of a large consolidation (in this case a contracting triangle). Will be buying some this week. Stop for me is a close < c. Process your way.

goodguy Updated 

Natural Gas from the weekly chart clearly is in a longer term downtrend. From the daily chart we are now for the 2nd time at a .62 retraction of the recent rise. IFFF the sideways action since is what the EWT folks call a "flat" we may well be ready for a sizable up move. Stay tuned. Feedback on this would be greatly appreciated as the picture is far from...

goodguy Updated 

At current price pays 15.6% dividends. But I think the chart looks promising for price increase too. It is a real estate REIT but is in the communication industry. If they figure out how to send major info through our existing electric wires (which could happen) then all our towers and cables may not be needed. Until this happens this looks good to me. May be at...

goodguy

Could use close< current uptrend line as stop. Process your way. Analysts: Strong buy 10, Moderate buy 1, Hold 3, Strong sell 1. "Teck Resources Ltd. is a diversified resource company, which is engaged in mining and mineral development with business units focused on copper, steelmaking coal, zinc and energy. The company produces specialty metals, which...

goodguy

I think we are at the end of a long consolidation (wave e of a EWT 4th wave). Stop would be close < c. Will be buying some this week.

goodguy

1. In a way it is not surprising there is some correction here as the mid line of channels often provides some support or resistance. 2. Notice that sudden spikes in volume usually lead to a rise in price at least in this chart (vertical arrows) 3. Every major drop has been forecast with a bearish divergence in the RSI. I know that is not always true but seems...

goodguy

My previous post (see link below) played out well. We are now at a .62 retraction and have potential positive reversal in the daily rsi. But there is a small gap at the .78 level. With oil droppping it could move down further to close it. It’s a good time watch the price action closely. Feedback appreciated.

goodguy Updated 

I closed out of many of my long equity positions today. Tomorrow’s futures look very negative. Many of my profitable positions have become negative in the last few days. For me it’s time to preserve capital. A rising market on decreasing volume is reportedly long term negative. For me it’s a time for extreme caution if you have been a bull.

goodguy Updated 

We are about at the a=c level which is about the same level of the break up target (arrows). So would not be surprised to some down correction now or soon. Feedback appreciated.

goodguy Updated 

This is the view I currently favor. Ifffff correct price should not go above 25.71 (a). May want to wait for short term uptrend line to be broken. Daily RSI has a negative reversal followed by bearish divergence which often is followed by a drop. Process your way.

goodguy

Chart looks promising to me . Nice Positive reversal in the weekly RSI (dashed line). But the daily chart looks overbought and right at resistance points with a potential bearish divergence in the RSI. So would not be surprised to see a small pullback here which would improve the risk benefit ratio. Process your way.

goodguy

Big pullback on most of the airlines today. My current stop and target on chart. Best to ya. Process your way.

goodguy

Long term down trend line broken with encouraging weekly candle (so far as week not over). If go long can use recent low as stop. Analysts: 8 strong buys, 9 holds. Antero Resources Corp. is an independent oil and natural gas company, which engages in the exploration, development and acquisition of unconventional oil and liquids-rich natural gas properties located...

goodguy

Going long. Process you way.

goodguy Updated 

Recent breakout. Channel center may be top.

goodguy Updated 

Possible double bottom. Watch if holds here. See “the gold bags” post: News today: finance.yahoo.com