Pun intended! Indeed the retail behemoth is in its sixth, yes, 6TH (with 5 of them confirmed) scalar retracement level on the 2-point scale. High probability to retrace back to 64 then 72 on the mid to long-term outlook. 73, coincidentally, is the 50% level for good ol' Fibo. Check it out! See chart here: http://fxausa.com/ANALYSIS/WMT%20-%2011182015/SCALAR%20ANALYSIS%20-%20WMT%20-%2011182015.png
Tuesday, November 17, 2015
Monday, June 22, 2015
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.