Beautiful buying opportunity about to present itself? Short term bearish. (1-2 weeks) Long term bullish (6 months+)
My illustration of why I believe we are about to see a major buying opportunity for oil.
My full illustration of why I expect there is a major low about to form in the oil markets.
Looking for a buy on a bounce off one of the two clustered target lines (125.22 & 122.50), ideally coinciding with one of the Gann Fan lines where they intersect the projection levels. Rally expected to top around 138
Apple has surged to new all time highs recently hitting 119.48. From these levels it has made a 5 wave sequence lower to 109.35 (a $10.4 move). Currently Apple looks to be in a corrective phase higher as noted by the A-B-C labels. Trade set up: I expect to see a 5 wave structured rally to complete the C wave taking the stock into the sell zone identified between...
Leading Diagonal pattern shows us that momentum is slowing (look at the MACD divergence) which suggests the market will pop to the upside, out of the trend lines and retrace the decline we have seen since the 1.7190 peak. This correction may provide a great opportunity to short the market lower once it completes. I expect this correction to last a week or two...
Idea is simple: 1. Wait for market to recover to 1.7116 - 23 2. Buy September Put Options with a strike of 1.70 (personal preference) 3. Wait Rules: 1. If market proceeds to make a new high above the 1.7190 High on the 15th of July.... Close position. Why am I using options?: 1. Risk is fixed. 2. Greater leverage because we are expecting a SHARP selloff from...
Elliott Wave analysis suggests we are in a correction on Facebook, which should take us quite a bit lower before the rally continues. A bear pennant pattern seems to be developing, with an Elliott wave interpretation there is a low risk/reward trade setup. Let me know what you think..
Video report I published over the weekend for big picture view on Apple: www.youtube.com
www.youtube.com Target for top at 725 before a sharp reversal
www.youtube.com Please watch the video for analysis on this market and others including: Facebook, Silver, EUR/GBP
www.youtube.com Full video showing elliott wave analysis on this market and others... I also run a free newsletter if your interested in having my charts and videos emailed directly to you, check the video description on youtube for a link to a signup page
My most recent weekend video update: www.youtube.com Subscribe to my free newsletter: lpuk.us1.list-manage.com
Here is my video, posted last Sunday night explaining my views illustrated in this chart: www.youtube.com
www.youtube.com Please watch my video for an explanation and commentary as to why I believe: SP500 will likely reverse lower soon Gold and Silver breakouts are false Facebook is nearing a major low can could rally hard Questions and comments appreciated :)
Corn is in an area predicted to form major resistance... I believe it will correct for the next few months before looking to TOP in mid of Jan 2013 around 930-940 price range. This is an EXPERIMENTAL analysis using Gann's techniques... so don't hold your breath :) However if your interested to see how it goes, please feel free to follow this chart. If you have...
I have reason to suspect that Facebook may form a major low with yesterdays low around $22.30. If we do not see confirmation of this buy a strong rally emerging, next level I will be keeping an eye on is around $16.90. Lets see what happens :)
An experimental prediction using the techniques of W.D Gann... We shall see how accurate this is, but I am sticking my neck out and saying that Silver will bottom at $24.90 on or very close to 10th September 2012. Lets wait and see :)