nmike

nmike Mod

The dual Fisher 34/100 along with the 34ma is a reliable signal system for spotting minor & major bottoms / tops and trend reversals. The basic signal: when both Fisher are above mid point trend is bullish and when both are below, trend is bearish. But like so many indicators there is a delay compared to price action. So Fisher patterns and divergences are used to...

nmike Mod

The AUDUSD monthly and weekly trend is still bearish, however there may be a short term long signal setting up in the daily frame. All indicators are showing positive divergence and Trix lines are showing short term upside momentum with Trix 7 about to break mid point. A break above resistance could see AUD reach around .9570 near term. If up trend continues the...

nmike Mod

This CLONING technique begins with a circle drawn around distinctive high /low swing points, then I placed a rectangle (square) with the 4 sides touching the outer circle edges. I CLONED the rectangle/circle and placed them side by side. Diagonal trend lines are drawn corner to corner of rectangles and I also placed horizontal trend lines across all mid point of...

nmike Mod

Current candle stick price action is bullish. Fisher is in the high end range but still rising with no divergence.If WFC can break reference channel 1 to the upside, the near term price target is top of CLONE 2A. If we get bearish candle stick action in the current CLONE confluence area WFC could correct down to bottom of reference channel 1. If WFC breaks CLONE...

nmike Mod

Much damage this week. GOLD has fallen below a KEY confluence support area. A bearish candle totally outside channel CLONE A, below reference channel B and below the .5 Fib level, Next near term target is the .618 Fib level.

nmike Mod

I isolated 2 major swings and a smaller reference channel C swing and then I CLONED them. As you can see SPY is setting at just about all 3 CLONES top boundaries. It will be interesting to see if a confluence of forward CLONES top boundaries will be hit in the future. I will start adding more CLONES if SPY can clear the red line resistance and all 3 CLONES top...

nmike Mod

About 2 weeks ago SPX hit a confluence resistance area at R1 and top of reference channel. Since then SPX has corrected and held S1 support. Judging by the weekly candle stick price action and over bought conditions it's likely that SPX will correct down to S2 support near term.

nmike Mod

After hitting a CLONE trend line resistance and trend line resistance 3, SPY is now close to three confluence points, the 50 ma, a CLONE line support and trend line 4 support. Failure to hold these points we could see SPY fall to trend line 2 or the 155.87 CLONE support near term.

nmike Mod

I introduced this FISHER -TRIX system on the chat message board some time ago. A few traders are using it so I thought it would be a good idea to share it with all the members. The basic price trend up is when the FISHER and or the TRIX 10&14 are above mid point and down when they are below mid point. But if we just use the above/below mid point as entries it will...

nmike Mod

I don't follow this stock but I wanted to publish this chart to show how CLONING can be used to predict future price targets wants the stock has broken it's old high. In early April TSLA broke out of the long term reference channel with a large gap and on high volume. I often use the FISHER (100) as a trend shift indicator on daily frames.You can see that the...

nmike Mod

Republishing Google weekly CLONING. As you can see the price pattern prediction 7 months ago worked out nicely. Google has had a nice run last few weeks and momentum could carry price to mid of CLONE 3 near term. If the over all market starts correcting we could see Google retrace to last pivot high or middle of CLONE 2. A deeper correction could see Google...

nmike Mod

Monthly candle stick price action continues to be bullish. At the moment price is too far away from the 10MA so we could see a minor correction near term. As far as a long term correction or major top is concerned, I don't see one.On this chart you can see that there's was plenty warning of a top in the late '90s , 2007 and a smaller divergence top in 2010. In...

nmike Mod

Since the daily short signal back in Sept. 2012 there was one failed 50sma signal. Now Apple is just below the 50sma, if price can close above it , the top of reference channel is the near term target. If it fails again we could see Apple retest the bottom of reference channel. Here is a weekly chart of Apple, very good example of CLONING and FIB. levels : ...

nmike Mod

A good example of a bottoming process.We had both the CCI & Fisher long term positive divergence and a double bottom. Trend change was confirmed by both CCI & Fisher. Before today's big jump Netflix was consolidating perfectly from top to bottom of CLONE 3(bull flag). Near term target , top of CLONE 4.

nmike Mod

This week SPY temporarily fell below trend line but managed to close above it.The CCI(50) is still above +100 and EFI well above mid point. The EFI(21) and CCI(50) above/below mid point have been a good indication of both long term and short term trend shift on weekly frame. I have shown on this chart how you can use CCI & EFI to spot bottoms.When you have extreme...

nmike Mod

(still LONG with CAUTION). SPY is still within the upward channel and above the 50MA. Fisher is diverging from price but still above mid -point. Currently SPY is at a critical area, just above the 50MA, close to bottom of channel, support 1 and the .236 Fib. level. Failure to hold these levels could see SPY fall to .382 Fib level and or s2 short term.

nmike Mod

After the 2 previous successful CLONING predictions, & let's see if this one will work out. The top of CLONE 2 and top of CLONE 3 align almost perfectly with the 2 key resistances, that means it's highly likely that USD JPY will reach those targets.. After a retest to bottom of CLONE 2 USD JPY is close to hitting the next near term target at key...

nmike Mod

Gold is still in a down trend and below the 34 MA. At this point I would say that Gold is NEUTRAL.We have a triple bottom at key support with last week's candle having a long lower shadow.Higher volume last few bars could also mean accumulation. If the TRIX keeps rising GOLD could find it's way to top of channel near term.Let's also keep an eye on the long term...