IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
REAL GDP, YOY% CHANGE(Q2 2020
2020-09-30
SILVER UPDATE
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
AFTER THE SILVER‘S SELL OFF FROM ITS HIGH AT $30, SILVER SNAPBACK TO ALMOST $29 AS WAV B OF MINOR FOURTH WAVE ,SO BREAK BELOW $23.60 CONFIRMED OUR COUNT AS A FLAT (A-B-C) , C WAVE IS STILL ONGOING AND THE REBOUND TO 24-25 IS MINUTTE FOURTH WAVE OF MINUTE C WAVE, ONE MORE PUSH DOWN TO COMPLETE THE IMPLUSIVE SEQUENCE , AND THUS COMPLETING THE MINOR WAVE FOUR
A SIDE NOTE:- MOST OF TIME WAVE FOUR TAKES A SIDEWAYS AND SHALLOW, BUT HERE IT HAS BEEN RECEDING SO FAR 50% OF THE PREVIOUS THIRD WAVE AND MORE LIKELY WILL REACH TO 61.8% AT ROUGHLY 21, BECAUSE THE SECOND WAVE WAS SHALLOW, IT JUST RETRACED BY LESS THAN 38.2% OF FIRST WAVE AS SHOWN ABOVE
- MINOR WAVE FOUR WAS A FALT CORRECTION BUT THIS TYPE OF FLAT UNCOMMON IT IS CALLED AN ELONGATED FLAT
2020-09-29
SPECULATORS ARE THE MOST SHORT THE US DOLLAR IN ALMOST THREE YEARS
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
SPECULATIVE POSITION IN FUTURE LINKED TO THE ICE U.S. DOLLAR INDEX TUREND THE MOST NEGATIVE SINCE NOVEMBER 2017 SUGGSTING SPECULATORS MAY ONLY BE BEGINNING TO ENTER A WORLD OF PAIN
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
FACEBOOK STOCK AFTER NOCHTED NEW ALL TIME HIGH AT $305, DROPPED STEADILY UNTIL IT BROKE THE LOWER LINE OF THE ASCENDING CHANNEL, PULLBACK TO THE BROKEN CHANNEL IS VERY IMPORTNANT THAT , IF IT FAILS IT MEANS THE BOUNCING OF $244 IS A COUNTER TREND, AND VERY LIKELY $244 WILL BE BROKEN
THE NEXT TEST OF TARGET SUPPORT IS SEEN NEAR THE LOW OF $200
NOTICE:- AS A RSI READING, EVERY TIME MOMENTUM DIVE INTO OVERBOUGHT TERRITORIES, IT FOLLOWS BY STRONG CORRECTION
2020-09-28
GREENBACK MAINTAINS ITS STATUS AS WORLD‘S RESERVE CURRENCY
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
THE US DOLLAR IS LIKELY TO REMAIN TTHE WORLD‘S RESERVE CURRENCY IN THE FUTURE, DESPITE THE RECENT SLIDE
TESLA
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFULTSLA ON DAILY CHART
I DO THINK TESLA STOCK IS STILL ONGOING, FOR MORE SIDWAYS
THE INTERMEDIATE FOURTH WAVE UNFOLDS AS A SYMMETRICAL TRIANGLE,THEN ONE PUSH UP TO COMPLETE THE PRIMARY THIRD WAVE, MAYBE THE MOVE UP HIT ROUGHLY $550
2020-09-26
S&P 500 AND THE 200 MA
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
I THINK S&P 500 IS HEADING LOWER TO 200 MA AT ROUGHLY 3100
A SIDE NOT:- ANYBODY CAN SEE HOW THE 200 MA HAS BEEN WORKING AS A STRONG SUPPORT FOR MANY LONG TIMES , AND WHAT HAPPEND TO PRICES WHEN THE 200 MA WAS BROKEN.....!!
2020-09-25
S&P 500 AVERAGE PERCENT CHANGE EACH MONTH 1928-2020
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
HISTORICALLY, SEPTEMBER HAS BEEN CHALLENGING FOR THE S&P 500
2020-09-24
US CORPORATE DEBT VS BOND YIELDS
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
THE FED CREAT ITS OWN MONSTER
😄😄 CALL IT A DEBT TRAP, OR U CAN CALL IT LIQUIDITY TRAP LIKE JAPAN
GOLD UPDATE
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
WE THOUGHT THAT THE MINOR FOURTH WAVE COMPLETED AT $1906, BUT WHEN PRICES CLOSED BELOW 1863, I THINK THE FOURTH WAVE IS STILL ONGOING ACCORDING TO PRIMARY COUNT , AND THE SECOND LEG OF CORRECTION (WAVE C ) HAS COMMENCED
THE DOWNSIDE TARGET IS LIKELY HIT $1820-$1760 RANGE
WE REMIND OUR FOLLOWERS THAT, THE PRIMARY COUNT STILL VALID AS LONG AS PRICES REMAIN ABOVE $1765
2020-09-23
CHINA REAL GDP
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
CHINA APPEARS TO BE ON TRACK FOR A V-SHAPED ECONOMIC RECOVERY
DOLLAR INDEX
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
COMPLEX HEAD AND SHOULDERS BOTTOM , CONFIRMS AS A VALID PATTERN WHEN PRICES CLOSED OUT 93.55
INITIAL UPSIDE TARGET IS SETTING AT 95.60
2020-09-22
DOW JONES
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
HEAD AND SHOULDERS APPEARS AFTER INTERMEDIATE UPTREND.
WHEN PRICES CLOSE BELOW 27450, IT CONFIRMS THE PATTERN AS BEING A VALID HEAD AND SHOULDERS. USUALLY COMPLETION OF THE PATTERN SIGNALS THE END OF , UPTREND, AND REVERSAL IN THE PRIMARY TREND
BUT I THINK THE PATTERN IS NOT TALL, AND CORRECTION TO THE INTERMEDIATE TREND USUALLY IS NOT DEEP TOO
SO IN OUR ESTIMATION, THE ODDS FAVOR A DECLINE WILL NOT EXCEED 25000.IT JUST ONLY 0.382 OF THE RALLY OF MARCH LOWS TO SEPTEMBER TOP
2020-09-21
EUR/USD
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
EUR/USD HAS FORMED COMPLEX HEAD AND SHOULDERS, CLOSE BELOW 1.1750 MAKE THE PATTERN AS A VALID ONE ,EURO NEEDS TO BREAK DOWN 1.1710 THEN 1.1695 TO CONFIRM THE VALIDITY OF PENETRATION
PRICE TARGET TO THE DOWNSIDE ROUGHLY AT 1.1475
HOWEVER,IF PRICES REMAIN ABOVE 1.1695,POSSIBILLY EURO TAKES MORE SIDEWAYS AS A GRAND STMMETRICAL TRIANGLE
2020-09-19
GOLD-SILVER RATIO
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
GOLD TO SILVER RATIO IS SIMPLY THE AMOUNT OF SILVER TO PURCHASE ONE OUNCE OF GOLD, THE PREDOMINANT RANGE FOR THE RATIO IN MODERN TIMES IS RATHER WELL BETWEEN 40AND 80, GOLD HAS NOWADYS MUCH HIGHER MONETRY DEMAND COMPARED TO SILVER THAN IN THE PAST, WHICH LARGELY EXPLAIN THE AVERAGE RATIO IN THE 21ST CENTURY WAS ON AVERAGE HIGHER THAN EALIER
CHART 1:- SHOWS GOLD/ SILVER RATIO SINCE 1693, THE HISTORICAL RECORD HIGH WAS ROUGHLY 100, OUR ELLIOTT ANALYSIS IS LIKELY THE RATIO COMPLETED 3 WAVES ON GRAND SUPERCYCLE DEGREE, FOURTH WAVE IS STILL UNFOLDING INTO FLAT THAT COULD MAKE A NEW LOW BLOW 31 OR AS A TRAINGLE THAT MAKES AN ASCENDING LOWS ABOVE 31, SO THE DECLINE FROM LAST NEW ALL TIME HIGH AT 125 SO FAR AS SHOWN IN CHART 2, IS WORKING ON AN IMPLUSIVE MANNER ON MINOR DEGREE AS WAVE 1 OR A , WICH FOLLOWED BY 3 WAVES UP AS A COUNTER TREND AS WAVE 2 OR B THAT COULD HIT AT LEAST 85 OR EVEN MORE
HOW CAN PRECIOUS METALS INVESTORS USE THE GOLD/SILVER RATIO IN INVEVESTING
WHEN THE RATIO MOVES TO EXTREMES(ABOVE 80 OR BELOW 40) IT CREATES A GOLD AND SILVER TRADING OPPORTUNITY FOR IVESTORS, WHEN THE RATIO IS LOW LIKE NOWADYAS IT INDICATES THAT SILVER MAY BE OVERVALUED OR INDICATES THAT SILVER WAS RISING FASTER THAN GOLD
HOWEVER, ANOTHER IDEA WOULD BE TO VIEW EXTERMES IN THE RATIO AS TURING POINTS IN THE ENTIRE PRECIOUS METALS SECTOR,BUT NOBODY KNOWS FOR SURE THE TURING POINTS WHEN INVESTORS SHOULD SWICH BETWEEN THE PRECIOUS METALS, THE RATIO MAY HIT 80 OR 40 AND CONTINUE TO EXPAND OR DIVE FOR A WHILE AS THE FUNDAMENTALS MAY CHANGE JUSTIFYING A NEW RANGE FOR THE RATIO, NOTICE , DESPITE THE RECENT DECLINE THE RATIO IS STILL AT REALTIVELY ELEVATED LEVEL, SO THE EXPECTED REBOUND AS I STATED ABOVE , WE CAN SEE GOLD OUTPERFORM SILVER, USUALLY GOLD LEADS THE DANCE AND SILVER FOLLOWS
IT IS IMPORTANT TO REALIZE THAT THE GOLD TO SILVER RATIO MAY SIGNAL A TREND IN BOTH METALS, IF THE RATIO IS HIGH(ABOVE 80) INVESTORS POTENTIALLY INCREASE THEIR POSITION IN SILVER REALTIVE TO GOLD BUT THEY DO NOT HAVE TO ACTUALLY SELL GOLD. THE PRICE OF GOLD IN SILVER OUNCE IS LIKELY TO DECLINE BUT IT DOES NOT MEAN THAT THE US DOLLAR PRICE OF GOLD IS ALSO GOING TO DROP, ACTUALLY THE ABSOLUTE PRICE OF GOLD INCREASE TOO,ALTHOUGH AT A SLOWER PACE THAN SILVER. AS WE HAVE SEEN BOUNCING OF MARCH LOWS IN BOTH METALS. ALSO I WOULD LIKE TO POINT TO, THAT THE PEAK IN THE RATIO MAY ALSO INDICATE A RECESSION( JUST LIKE IN 2008,AND 2020) OR AT LEAST AN IMPORTANT ECONONMIC SLODOWN
2020-09-18
TESLA AND THE ALTERNATE BEARISH BAT PATTERN
 |
| ALTERNATE BEARISH BAT ON TESLA IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL TESLA STOCK IS FORMING A DISTNICT ALTERNATE BEARISH BAT PATTTERN, THE COMPLETION POINT AT $485,BUT IN THIS CASE PRICE SHOULD TEST AT LEAST 465 LEVEL AS A MINIMUM RESISTANCE IN( POTENTIALREVERSAL ZONE 465-485), BUT IF THE PRICE ACTION HAS EXTREME BC LEG PROJECTION THE 1.13 XA EXTENSION SHOULD NOT BE EXCEEDED |
2020-09-16
USD vs JPY
USD/JPY IS STILL IN DOWNTREND IN MEDIUM TERM,BUT SIDWAYS IN LONGER TERM
I DO THINK TRIANGLE IS UNFOLDING ON THE BIGGER PICTURE
HOWEVER, APPEARANCE OF THE HEAD AND SHOULDERS IN DOWN TREND MEANS, THE DOWNTREND IS STILL ONGOING, BUT IT IS ABOUT TO END
SOME TEXTBOOKS SAY 10%-20% PREDICTED DROP AFTER REVERSAL PATTERN‘S COMPLETION
DOWNWARD PRICE TARGET IS SET AT 102.5
2020-09-15
NEW WAVE IN COMMODITIES
IF THERE IS ONE OTHER SOURCE OF INFLATION, IT IS COMMDITY PRICES
PROLONGED WEAK DEMAND TENDS TO LEAD TO SUPPLY DESTRUCTION, WHICH BEGETS ANOTHER CYCLE OF RISING PRICES, THESE AFFECT COST PUSH IFLATION
EXCLUDING ENERGY , BLOOMBERG‘S COMMODITIES INDEX HAS REGAINED ALL THE GROUND
NVDA
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
NVDA HAS PLUMMETED ROUGHLY 20% SINCE HIT ALL TIME HIGH THAT IT TOUCHED ON SEPTEMBER 2
THE DOUBLE BOTTOM (EVE&ADAM) APPEARS AFTER THE LAST DECLINE, , BUT STILL NOT VALID SO FAR BECAUSE PRICE DOSNT CLOSE ABOVE 522 YET ON THE DAILY CHART , ONCE THAT HAPPEND , THE PATTERN BECOME VALID AND BOUNCE COULD CARRY HIGHER TO 575
2020-09-14
ETH vs USD
THE BULLISH 5-0 HARMONIC PATTERN ILLUSTRATED ABOVE
ETHEREUM FORMED IDEAL EXTENDED BC LEG THAT REVERSED AT 200% PROJECTION OF AB, THE PATTERN IS NOT YET COMPLETE , THE RECIPROCAL AB=CD COMPLEMENT THE 50% RETRACEMENT OF THE PREVIOUS AB LEG AT ROUGHLY 285
GOLD UPDATE
SPOT GOLD, ON 4H CHART
SIDEWAYS TRADE FROM $2075 REPRESNTS A FOURTH WAVE CORRECTION, I DO THINK,TRIANGLE HAS COMPLETED AT $1908, AND WAVE 5 OF (3) HAS COMMANCED, IF OUR COUNT IS RIGHT, WE‘RE GOING TO SEE A POSITIVE MOMENTUM CARRY PRICE HIGHER AT LEAST TO $2030
ALSO,AFTER CONSOLIDATING PHASE, ANOTHER PUSH HIGHER IN WAVE 5 OF (3) MIGHT APPROACH THE MEASURED OBJECTIVE AT ROUGHLY $2100( TREMINAL THRUST FROM THE TRIANGLE,WAVE 5, WILL TRAVEL THE SAME DISTANCE AS THE WIDEST PART OF THE WAVE 4 TRIANGLE), INVALDITION BELOW $1900
2020-09-12
DOLLAR INDEX (WEEKLY CHART)
US DOLLAR ON WEEKLY CHART
LONG TERM UP TRENDLINE AT WORK, THIS TRENDLINE IS VERY SIGNIFICANT,IT COMBINES THE MOST IMPORTANT FEATURES OF THE TRENDLINES, IN TERMS OF THE LONGER IT HAS BEEN INTACT AND THE NUMBER OF TIMES IT HAS BEEN TESTED , MOREOVER THE TRENDLINE HAS BEEN DRWAN FROM BOTTOMS WHICH ARE FAR ENOUGH, ALTHOUGH IT WAS PENETRATED IN THE FOURTH POINT, IT WAS INDECISIVE ONE < 3% (PRICE FILTER
THEREFOR, BEWARE OF A REAL BREAKOUT OF THIS UPTRENDLINE, IF THAT HAPPENS, EXPECT MORE SHARP DECLINE THAT MIGHT HIT THE BEGINNING OF THE TRENDLINE
2020-09-10
ARE WE IN A STOCK MARKET BUBBLE
THE RATIO OF MARKET CAP TO GDP IS NOW HIGHER THAN IT WAS BEFORE THE INTERNET BUBBLE BURST.
IS THE STOCK MARKET ON A BUBBLE
😠 YES SURELY
AMAZON
PRIMARY COUNT WE‘RE TRAKING THAT AMAZON HAS COMPLETED 3 WAVES UP OF MINUTE DEGREE WHICH WAS PART OF THE OVERALL FIRST WAVE OF THE MINOR DEGREE, AND WE INITIALLY HAD ABIT OF A PULLBACK INTO FOURTH WAVE SUPPORT 3300-2980 RANGE
A SIDE NOTE:- MINUTTE FIFTH WAVE OF MIUTE WAVE 3 WAS 0.618 OF WAVE 1 +3
IT IS A NICE TEXTBOOK CORRECTION, WEN THIRD WAVES ARE NOT EXTENDED
2020-09-09
TOP 5 COPPANIES AS SHARE OF S&P 500 TOTAL
THE TOP FIVE COMPANIES ACOUNT FOR 24% OF THE S&P 500 NOW THIS IS ANOTHER RESULLT OF EXCESSIVE MONTRAY POLICY AS THIS FAVORS BIGGER COMPANIES
S&P500 TECHNOLOGY SECTOR
A DECISIVE BREAKOUT OF THE UPTREND LINE TAKES PRICES DOWN TO ROUGHLY 100 LEVELS
2020-09-08
CRUDE OIL
CRUDE OIL SINCE BOUNCING BACK OF APRIL LOWS WORKING ON IMPULSIVE MANNER, OIL HAS COMPLETED WAVE 1 ON MINOR DEGREE AT $43.80,THEN CORRECTION HAS TAKEN PLACE IMMEDIATELY AS WAVE 2 WHICH UNFOLDS INTO ZIGZAG PATTERN , I DO THINK FIRST LEG OF CORRECTION HAD FINSHED AT $36 AND BOUNCE COULD CARRY PRICES TO $39 OR $41 BEFORE THE DOWNTREND RESUMES AND HITS INTIAL DOWNSIDE TARGET AT $35
A SIDE NOTE:- A SWIFT AND SHARP REVERSAL USUALLY BRINGS PROCES AT LEAST BACK TO WHERE THE DIAGONAL BEGAN AND USUALLY FAR FURTHER
THE REVERSAL USUALLY TAKES ANYWHERE FROM ONETHIRD TO ONE HALF THE TIME THAT IT TOOK THE DIAGONAL TO FORM, SO WE DEFINED THE FIRST TARGET AT $35
MAJOR US INDICES AND GIGA CAP STOCKS (AAPL-TSLA-AMZN)
ALMOST ALL THE US INDICES AND GIGA CAP STOCKS IN THE SECOND LEG OF ZIGZAG CORRECTION AS TECH STOCKS LOSE THEIR LUSTER AT LEAST FOR THE TIME BEING. AND THE SHADED AREAS ARE THE MOST LIKELY HOLD PRICES
NOTE TO SELF:- STEEP SELL OFF OFTEN TAKE AT LEAST THREE DAYS TO WASH OUT THE PANIC SELLERS, TODAY COULD THE LAST DAY IN THIS RULE
HOWEVER, LET‘S SEE WHAT‘S NEXT
2020-09-07
US CONTINUING CLAIMS FOR UNEMPLOYMENT
28MILION AMERICANS CONTINUE TO RECEIVE REGULAR UNEMPLOYMENT OR PANDEMIC UNEMPLOYMENT ASSISTANCE EVERY WEEK
BUT THERE IS LITTLE MOMENTUM IN CONGRESS FOR A STIMULUS DEAL
USD vs CNY
I DO THINK, THE COUNT OF SECOND CHART IS STILL VALID SO FAR
WE WERE LIKELY THE B WAVE HAD COMPLETED BECUASE THE LENGTH OF WAVE A EQUEL LENGTH OF WAVE C IN ZIGZAG CORRECTIONAND THE COUNTER MOVE AS WAVE B WAS BOUNCED UP 38.2% OF THE PREVIOUS DECLINE, ALL THESE EVIDENCES ARE LIKELY B WAVE IN PLACE
INVALIDATION OF THIS COUNT WHEN PRICE CLOSE OUT 1.1765
MAYBE IN THISE CASE THE ENDING DIAGONAL IS STILL ONGOING
HOWEVER, CLOSE BELOW 6.6695 GIVE US MORE CONFIRMATION THAT OUR COUNT STILL INTACT
2020-09-05
GLOBAL MONEY SUPPLY
CHART SUGGESTING THAT GLOBAL MONEY SUPPLY GROWH TENDS TO PUSH US EQUITES HIGHER
2020-09-04
DOW JONES
PARTIAL RISE OF AN UPWARD PRICE CHANNEL HAS FORMED, EXPECT THE BREAKOUT TO BE DOWNWARD, ASSOCIATE THIS NOTE WITH ELLIOTT ANALYSIS , WE CAN PREDICT CORRECTION TO TERMINAT IN THE AREA OF THE PREVIOUS FOURTH WAVE OF LESSER DEGREE AT 25000-25500 RANGE
BTC vs USD
THE CHART ABOVE SHOWS BITCOIN IS LIKELY COMPLETED THE MINOR WAVE 1 OF INTERMEDIATE WAVE (3) OF PRIMARY WAVE 5, AS WE KNOW THE WAVE THREE IS THE STRONGEST WAVE AND ALWAYS THE EXTEND WAVE IN THE IMPLUSIVE ADVANCE , SO WE HAVE JUST FINSHED WAVE ONE OF THREE,
THE HEAD AND SHOULDERS REVERSAL PATTERN APPEARS AFTER LONG TERM UPTREND, THE COMPLETION OF THIS PATTERN SIGNLAS THE END OF UPTREND, MOREOVER, THE UPTREND LINE WAS DECISIVELY BROKEN
THE IMPLUSIVE DECLINE PAIRD WITH EXISITING OF HEAD AND SHOULDERS AND DECISIVE BREAK BELOW UPTRENDLINE, ALL OF THAT SUGGEST THE MAJOR TOP IS IN PLACE, AND BITCOIN IS HEADING LOWER TO HIT INITIAL DOWNSIDE TARGET AT $8100-$8900 RANGE, MAYBE THE DOWN TARGET EXTEND TO $7200
2020-09-03
STRONG EURO IS WRONG
THE RISE IN EUR/USD IS WRONG FOR MANY REASONS.THERE‘S NO SIGNS OF CYCLICAL OUT PERFORMANCE OF EUROPE VS US/MORE IMPORTANT, EURO ZONE DEFALTION RISK WAS HIGH EVEN PRE VIRUS CRISIS,DUE TO LARGE LEGACY OUTPUT GAPS
A STRONG EURO IS ONE DEFLATIONARY SHOCK TOO FAR
TESLA, NDX100 (WAVE4 IS UNDERWAY)
TESLA WAS DOWN TODAY 20%.DESPITE THAT TESLA IS STILL HEADING LOWER AND THE 360 SHOULD BE BROKEN . WE ARE NOW SEELING OFF INTO WAVE 4 AND THE ZONE OF 273-360 THE VERY LIKELY TO HOLD
NOTICE:- THE BEARISH DIVERGENCE IS USUSAL OCCURRED BETWEEN THIRD AND FIFTH WAVES OF THE THIRD WAVE. THEN TESLA SHOOT UP 500 IT IS AWAY FROM MA200 BY NEARLY TWICE(WIDEST SPEARD VS ITS MA200 EVER).. ALL THESE ARGUES CONFIRM THAT THIS WAVE IS A THIRD WAVE
THE SIMILAR ON NDX100 WAVE 4 IS UNDERWAY BUT ON SMALLER DEGREE. AS WE MENTIONED IN THE LAST ANALYSIS SPECIFICALLY AFTER NDX100 HIT 12400. 11500-11800 RANGE POSSIBILLY HOLD PRICES..HOWEVER THIS COUNT STILL VALID AS LONG AS PRICES REMIN ABOVE 11280
GRAPH 3 POINTED TO MARCH LOWS WAS THE BEAR MARKET BOTTOM. U SHOULD TO NOTICE CYCLICAL DOWNTURNS DURING SECULAR BULL MARKETS ARE FAST. FURIOUS AND RECOVER QUICKLY AS WE SEE IN GRAPH 3.COMPARED TO CYCLICAL DOWNTURNS DURING SECULAR BEAR MARKETS WHICH ARE LONG DEEP AND TAKE TIME TO UNWIND
MOREOVER,THIS CHART SUGGESTS WE‘RE IN AN EARLY NEW BULL MARKET CYCLE(LIKE THE SUMMER OF 2009)
THEREFORE, AFTER ALL THESE ARGUES I SEE THERE IS NO JUSTIFICATION FOR FEAR OF A MAJOR CORRECTION, IT JUST A MINOR CORRECTION ACCORDING TO OUR ANALYSIS, HOWEVER KEEP UR EYE ON STOCK MARKETS AND MONITOR CLOSELY
THEREFORE, AFTER ALL THESE ARGUES I SEE THERE IS NO JUSTIFICATION FOR FEAR OF A MAJOR CORRECTION, IT JUST A MINOR CORRECTION ACCORDING TO OUR ANALYSIS, HOWEVER KEEP UR EYE ON STOCK MARKETS AND MONITOR CLOSELY
2020-09-02
THE SEULAR BULL MARKET IS STILL INTACT
CHART SUGGESTING THAT THE SEULAR BULL MARKET IS STILL INTACT FOR THE TIME BEING AS THIS YEAR COULD BE SIMILAR TO 1957 AND 1987
GBP vs USD
AS I STATED EALIER STERLING ENDED CYCLE WAVE 2 AT LOW OF 1.1409,SINCE THAT STERLING HAS COMMENCED FIVE WAVES UP SEQUENCE ON MINUTE DEGREE
THE MINUTE WAVE 3 STILL UNDERWAY,WAVE 3 AS USUAL EXTENDED. STERLING FINSHED THREE WAVES UP ON SMALLER DEGREE AND CORRECTIVE PULLBACK IS TAKING PLACE AS WAVE 4 WHICH STABILIZES AT 1.3065-1.3053 ZONEGBP
2020-09-01
US DOLLAR INDEX VS GOLD
US DOLLAR INDEX VS GOLD SINCE DXY HIGH IN 2017
NASDAQ 100
NDX100 AS SHOWN ABOVE WE HAVE BEEN SEEING POSITIVE MOMENTUM AT LEAST UNTILL 12400 BOOSTED BY THE ACCELERATION GAP
Subscribe to:
Posts (Atom)