Tuesday, March 31, 2015
The 17,000 target on the sell-side, which is the 4th consecutive 100-scalar point on the Dow, still remains a viable number for shorts. Based on the following chart, the probability of it happening, compared to other scalar points (17,200 and above) which have been retraced, is high - a 10 to 5 odds (with 1 being the 17,400 target which happened at the end of January). A quick fibo look (with regards to the attached chart) also places the 17,000 target around the 50% range. Another suspense from the industrials indeed. But this time, with the Apple (AAPL) connection. SEE CHART HERE.
Tuesday, December 2, 2014
A very, very, very, very... rare event on the 100-point scale on the Dow has happened - not one, not two, but six, yes... SIX scalar points have been created. This means that a very high probability of short-term correction is at hand... AGAIN! Shorts would be looking at the 17K target to a second target of 16,600. Coincidentally, 16,6 is also the 61.8 fibo short-term retracement level for the Dow - coincidence or fate? SEE CHART HERE.
Wednesday, October 15, 2014
Equity Indices... Buy The Dip??.. sure, if you like tacos. At this time, bears should be up on their shorts and waiting for profit triggers. Unless of course if you're a long-term bull.
Friday, September 19, 2014
The Yen strengthened against the Dollar again reaching as far back as 08 recession levels. Its 2nd scalar top is pegged at equilibrium 100. This retracement target, according to its history, has more than 50% probability. SEE CHAT HERE.
Monday, August 11, 2014
AUD/NZD at 1.10, a key long-term psychological level is again being tested. The formation of the 2nd 500-pip scale bottom last year seems to haunt global traders as direction is nowhere to be found. One thing is certain, as history tells us - that a par-level on this pair has a very high probability of an instant retracement back to 1.05. SEE CHART HERE.
Wednesday, July 23, 2014
Tuesday, June 17, 2014
Yes, there is definitely no other way to describe it. GBP/USD is on a tug-of-war between two worlds - the bulls and the bears. As it is probable that it is on its way to retest the 8000 level, it may also be on the pull-back to the 6000 mark - a strong psychological level which was, in two-and-a-half years, an unbroken territory. This is an exact moment to stop and smell the roses - wait and not rush, because, as they say in the movies, "fools rush in". SEE CHART HERE.