Cincinnatuus

Cincinnatuus

Looking for a January Effect bounce into the New Year to complete a B-wave flat, and then it's resumption of the Bear Trend down to the Fourth Wave of lesser degree of the prior up wave. This will be the C-wave, which is likely to be a relentless drop and could potentially get there a lot sooner than July... Classic Bubble Popping Behavior... Well Happy New...

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After dropping through the bottom of the prior wave and stopping me out yesterday, it is now clear that Amazon is going to catch up to the market on the down side. As a result the count changed five waves down, followed by a strong b-wave flat, with just a tad of a c-wave failure, which implies the wave we are currently in will be pretty strong to the down side. ...

Cincinnatuus Updated 

Amazon is right in the middle of its biggest time of the year, and the stock should go up as people start to realize how much business the company is doing on line. Looks like Bezos is Santa Claus and AMZN should go up with the Santa Claus Rally / January Effect.

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Elven Billion worth of stock buybacks isn’t going to look so Brilliant when they are 50% under water. This is the time to be issuing stock, sitting on a nice cash position, and looking at what companies you want to buy at a huge discount this Summer… You listening Darius? Honeywell to trade down with the market in the new year…

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Time to declare victory for the prior idea and give an update based on the potential upcoming price action, and see if my recent Hot Hand Run can’t make some money for you guys… There is significant resistance at the bottom of the Flag / Pennant / Triangle at around 6000 that won’t be overcome until the real bottom gets put in. Price is below the 200-day moving...

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Prices have rallied back to the bottom of the (b) wave triangle/pennant and are getting ready to trade down to complete the Zig – Zag Correction started from the August 2016 highs. The factors supporting this are a full Elliott Wave count (a, b, c). There is a Long, Angry Enveloping Dark Cloud Red Candle at the recent top. Price is also still trading below the...

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The Head Panda Bear is doing a good job of keeping all of the balls up in the air as this mid-sell off, sideways correction and the Holiday shopping season goes into the new year. Come January Trump is going to want more than just smoke and mirrors on the trade front or 10% tariffs are going to jump to 25%, with the rest of Chinese trade also going up on the...

Cincinnatuus Updated 

This is another Great American company that has lost its way in the weeds of financial engineering. Apparently, that whole idea of selling off ‘mature’ (profitable) brands hasn’t translated into stock price appreciation. It also suffers from management by consensus. Bet the employees get to go to great Team Building camps. This company would outperform if it...

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The dollar is still moving sideways forming a B-Wave top, burning time and getting ready for a major move lower. Looks like the top will coincide with price action around the 61.8% Fibonacci retracement of the A-Wave sell-off at the 97.87 level. You'll know the C-Wave lower has begun when the upwards trend line at 95 is broken...

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The next wave of the Super Cycle E Wave should trade down to the bottom triangle trend-line by what looks like a late February time frame. This is the (c) wave part of it, so it is likely to be relentless...

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It's Wednesday before the Fed Statement and the Elliott Wave Pattern is clear. Whatever Powell does or says, the market is clearly trading lower...

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Trying to get a handle on when these markets for Silver are going to bottom and for what price. Based on past timing and price action, we could potentially see a bottom next year?.. So far, haven’t seen anything that truly looks like a bottom, or that Silver is going to take off. Bottoms are made when nobody cares, or is looking. Recommend continuing to accumulate.

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With the Dinner with China at the G20 wrapping up, along with the markets being closed for observance of the passing of Bush Sr., the price action should be positive next week. Then I expect back to business in this ongoing Bear Market. Followed by a nice January Effect / Santa Claus Rally into next year…

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Have you ever had a dream end where you wake up shaken having fallen through your body? The sweet Bitcoin dream is coming to an end and becoming a Nightmare… The price action in Bitcoin has blown through the bottom of the optimistic viewpoint for the Bitcoin Bear Market and is heading straight for the prior bottom of the fourth wave of lesser degree. This wave...

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LOL

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So, there’s $10 riding on whether oil will trade under $30 in the next three years. After laying things out, I’m thinking I’m going to get paid this Summer…

Cincinnatuus Updated 

As the waves develop in the Silver market some other possibilities present themselves. Seeing the possibility of a flat developing in the middle of this sell-off with price likely to rise up to around the 15.2 area. Then followed by a sell off into the seasonal low in December. Although the sell off looks like it is a little steep. A more gradual, time...

Cincinnatuus Updated 

The first thing we need to do is verify that the D wave corrective rally is complete. The Elliott Wave count looks complete. The sell-off has broken important support at $64, so all the momentum guys will be bailing out. We’re trading off below the 200 day moving average, with a retest. So the trend should be down. To confirm that the Cycle Magnitude c Wave...