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FUTU updated target
Posted on May 12, 2021 1 Comment
last post on FUTU: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/23/futu/ thesis – markets correct in 3 waves. in this case 1 down 1 up and then 1 down. we are in the 3rd wave down and in Elliott Wave parlance – this is a C wave … target to BUY and, perhaps, start another entire bull run is 72.57
Bitcoin update
Posted on May 12, 2021 1 Comment
last posts on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/18/bitcoin-update-island-reversal/ today’s “Musk Induced” Sell off certainly smells like a C wave … that supports a zig-zag correction and it certainly smells like we are in a 4th wave correction … targets of low 40’s and, depending on thrust into this level forewarns of a move below into the low 30’s […]
GS Goldman Sachs Target HIT
Posted on May 10, 2021 Leave a Comment
last post on GS: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/17/goldman-sachs/ monthly SELL pattern on Goldman complete. note the thrust into this level .. begs of caution so either WAIT for a daily (<362) or weekly (<350) signal reversal candle to initiate a short OR HERE but out above 377. either way, when you have multiple monthly projections and extensions all […]
FX Currency update
Posted on May 9, 2021 Leave a Comment
last post on US Dollar Index: https://atomic-temporary-44460632.wpcomstaging.com/2021/02/22/usd-index-close-to-a-big-move-up/ well, it’s certainly getting interesting. watch the levels shown on the GBP and the EURO and USD Index to get a feel for what might be coming this week. IF we hold these levels then expect dollar strength .. EURO and POUND weak. IF we FAIL on these […]
XLP/$NYA – our favorite ratio and a twist…
Posted on May 5, 2021 2 Comments
you realize I watch the XLP/NYA ratio – a lot – and one of the things that I never did till today is look at the “time” component of the first leg down from the XLP inception. today I did and that “time” component aligns nicely w/ a “May” timeframe to really be on the […]
CSCO – getting interesting
Posted on April 22, 2021 Leave a Comment
last post on CSCO: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/28/csco-follow-up-and-important-level/ note the BIG polarity principle shown from the dashed red and green horizontal lines .. waiting for a daily or weekly close below 50.32 is probably the most conservative play … also, note that the support at 51.42 is the AB=CD level and is holding as support last, while the […]
Deutsche Bank
Posted on April 21, 2021 Leave a Comment
if you have been following my blog for a while you know I keep a steady eye on DB (Deutsche Bank) for as long as “they” stay solvent the band will play on … that being said, DB is fraught w/ peril as is the entire world economy and financial infrastructure. yes, I just typed […]
MJ update
Posted on April 21, 2021 Leave a Comment
last post on MJ: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/13/mj-alternative-harvest/ target hit today so should be long and stop out if we go below the 19.53 low and we can try again
Bitcoin Update – Island Reversal
Posted on April 18, 2021 1 Comment
last post on the Coin: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/13/bitcoin-update/ our last post on Bitcoin ID’d multiple patterns … multiple AB=CD, a 3 drives and a butterfly sell all in the 65-68 area. in my original post I just took a look at the chart “real time” and said 66-67 but did some work on the intraday charts and […]
TBT – tricky
Posted on April 15, 2021 Leave a Comment
please see chart below … ultimately, it’s about risk control and how much risk one is willing to take. our thesis is the 14-15 dollar low was a BIG low and we are very early in a multi-year (multi-decade (?)) rise in interest rates. yup, you just read that correctly …so to manage risk, one […]
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