Blog Archive

Saturday, March 14, 2015


These bullish forks were drawn long ago.  Nothing has changed. 
This is a best guess at the USD.  It appears to be coming into an area of resistance, but there is little to base the forks on right now.
Gold appears to be near support.  This may go hand in hand with the USD.  I'm not a fundamentalist, but I'm keeping an eye towards any news from the IMF for clues.
Oil has been bearish and will have trouble breaking through resistance at 54 and 78.  It's probably going to trade within a range of 34 to 54

Thursday, January 29, 2015

Thursday 29-01-2014

Easy Head and Shoulder

Here's an easy way to figure Head and Shoulder targets.  
  • Using a channel with an additional channel set to -1 
  • Draw between the two low points on either side of the Head, and set +1 at the top of the Head
  • Then using a Time Line place a vertical line down from the peak of the Head
  • Next draw a Target Price Line at the intersection on the Time Line and the -1 Channel line.

Saturday, November 1, 2014


I was wrong to say the trend had changed.  I should have trusted the forks.  2040 is still looking like a good target.

Thursday, October 16, 2014


I have redrawn my forks to be as bullish as possible.  If broken the target will be the magenta trend line.  1600 +/-50 handles.
Resistance lies above at 1900.

Wednesday, October 15, 2014


The market has smashed though all supports and broken the fork from 2009.  Look to the magenta trend line and volume profile for areas of support.  Watch bonds, and currency markets for further insight.  Listen for news from the IMF.

This is historically a bearish year because it is a Sabbatical year known as Shemittah.  Shemittah year will be the year 5775 after Creation, which runs from Sept. 25, 2014, through Sept. 13, 2015.

Are there any good financial blogs that use astrology? 

Tuesday, October 14, 2014

Today's Feature