As of Jan 23rd, the bears are no longer just holed up along the Great Financial Wall. They are striking back and have dealt a powerful weekly defeat to the bulls this week, assisted by their most powerful ally who has risen from the ashes and breathes fire from the skies for the first time in two years: The VIX Phoenix. Weekly Diary: Jan 23: Bulls hold up Jan...
I'll keep this one short and sweet. Please read my other myriads of posts if you are interested in the reasoning. A wave targets to be hit within 6 weeks: Most bullish case: 3125 bottom Most bearish case: 2715 bottom Good luck, friends.
Finally, after months of incubating, maturing, being chained and beaten by the central banks, killed and reborn multiple times, the Phoenix is liberated!!! Today, we witness the breaking of the final resistance line at 18.5. There is no other visible resistance until the 32 level, which means we highly likely due for a catastrophic market crash. Friends, if you...
Interesting how much today's exhaustion doji resembles a crosshair. I think if bears take a direct shot and hit that bullseye, this whole bubble will pop. Don't believe me? Didn't AAPL earnings just beat the street yet again? Let me show you something: www.macrotrends.net Sure, AAPL once did invent and sell great products. However, they have been deceiving...
Looks to me like this Phoenix is about to rise in strength once again! VIX January contracts expire tomorrow morning giving the Phoenix a new three weeks to accomplish its mission. Bulls are calling in unison for commencement of a wave 3 of 3 of 3 rocket ship rally. In my experience, this typically triggers the opposite, commencement of a bear market wave 3 or...
U.S. futures markets are dropping with insanely powerful downside RSI, most notably on the 4hr chart, while Chinese markets are closed for a holiday tragically cursed with the beginnings of a possible pandemic. Whether it was falling energy prices or the Corona Virus that triggered this market fall, it is my belief that a *major* trend change has taken place. ...
Ahoy mates! Let us prepare for perhaps the greatest part of this pirate adventure. The battle against all headwinds seems near an end and our treasure is once again in sight! Time to raise our sails! TA: Seems like we just muddled through a period of consolidation after breaking out of the bull flag a few weeks ago. Friday, SLV started rising with great RSI...
The Great Financial Wall that I posted about last time has withstood 6 weeks of bullish onslaught and held. Daily MACD has turned negative and, with respect to fractal intervals, I believe the bears that have survived and remain on the wall are about to fire back. Completely exposed and with little ammunition left, I'm afraid the overly confident bulls will high...
An earnings miss took this blazing stock down a notch. However, the charts pattern still tells me not to be fooled. There should be several more rally waves to come in short order that will essentially bring this stock back into the mainstream. Staying long using Apr and July calls. Note: The weekly RSI is still super strong!
Encircled is possibly an ending diagonal within a large declining RSI structure. Just sayin'. Who thinks the trade that was just signed was anything at all?
The super long term chart of oil is very difficult to obtain, not to mention analyze. However... Something strikes me as peculiar today. Why does the rise from 2000-2008 look like it only happened in 3 waves? If that is the case, then isn't it possible that this commodity, essential and integrated into all our lives now, could collapse in the coming months...
I smell the charred scent of roasted bears all around me. Media is screaming for a rocket ship melt up and traders hollering wave 3 of 3 of 3 are popping up from every corner, from newbies to experienced veterans. Bullish sentiment is at historic extremes. The valuation of space age stocks like AAPL and TSLA certainly appear to be shooting to the moon. Who...
Here is an interesting backtest of the major high, crash, low and depression windows postulated by W.D. Gann throughout history. and integrated with my personal Elliott Wave count. Rectangle prediction legend Green = Accurate prediction Yellow = Prediction off but still caught a major crash Red = Inaccurate prediction Blue = Possible future forecast I have to...
(This is a more bearish interpretation of what could come to pass.) The days of everyone buying and holding are disappearing. Shall the market rise, correct, tread sideways or crash? These are the questions most every investor seems to be scratching their heads over these days; and I think the majority of us are getting it wrong at EXACTLY the wrong time, over...
The days of everyone buying and holding are disappearing. Shall the market rise, correct, tread sideways or crash? These are the questions most every investor seems to be scratching their heads over these days; and I think the majority of us are getting it wrong at EXACTLY the wrong time, over and over again. Perhaps in this market that makes no sense, it may...
It is with great sadness that I write this today. However, my humble opinion is that the assassination of Irani General Suleimani is not some singular event in the space-time continuum that can be ignored. In fact, it will, in all likelihood, eventually make it into the history books as a parallel to the assassination of Archduke Franz Ferdinand leading up to...
The market certainly made sure its participants got a fair and delicious slice of the fruit as opposed to Eve in heaven. But... I wonder what will come next? Do you know that AAPL and MSFT are worth more than the entire German stock market today? Do you know that the FAANG stocks accounted for 80% of the market rally since Oct 2019? Consider what would...
Sorry, forgot about the birth of AAP in my original chart. This one should make more sense. Just an educated guess... Took some time to think about a potential super long term picture of AAPL , since this single stock drives much of the market. Seems to me that market players have been on wobbly footing since the Jan 2018 mini-crash. However, this recent...