Same idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall...
The debt based economy is here to stay. CS has an important role in the financial markets. So, their value will be increased as their strategy unfolds.
The market is convulsing at 2% interest rates.. the 10 years of economic stimulus didn't work.. debt crisis looming..
This ones going down with some bad debts on short. Enjoy the slide, chutes and ladders game today.
This is the NASDAQ graph ranging back from the late 1980's. We are due for a HUGE market correction. Prepare for one of the worst financial and economic crashes the U.S. has ever experienced with the next year or 2. We will see a lot of market upside for the next few months - year. Once this over extended market completes its cycle, phase 5 should take place and...
Beware the appearance of the wave lengths as this is a semi-log chart. As far as historic data allows it, I can count the rallies as impulsive. From the bottom of the chart (251.90) up to I (1920.70), there are $ 1’668.80. Multiplying this by 1.618 ($ 2’700), and adding them to the bottom of II (1046.33), we find a minimum target for wave III at $ 3’746 ! On a...
Due to the increase in Debt/GDP of the world's biggest economic markets, the BRICS, and specially Brazil, that is impeaching its left wing corrupt president, are good options for those that want to escape from the bail ins and outs of the european market and from the chinese bubble. Obama's economic policy is also putting US in a very delicate situation. In...