Blog Archive

Wednesday, November 18, 2015

My forks for November 18 2015

My forks for November 18 2015.

Tuesday, October 20, 2015

Tuesday October 20, 2015

This is exciting!  While bumping up against resistance, the Ichimoku is giving a strong buy signal.  But some EW guys are saying this is a wave 2 correction in a downward trend capable of retracing into wave 1 to around 2060 or higher. 
It could go either way but I feel these forks are going to give the signal depending on which one breaks first.  The red fork is being stretched and the green fork is looking pretty solid.  If we break 2030 the market will be above resistance. 
The green fork is the one to watch.  Keep in mind that it's new and may widen by a small amount.

Friday, October 16, 2015

Friday October 16 2015

Spot on. 

Thursday, October 15, 2015

Thursday, October 15, 2015

This is how I estimate the peak of a 5 wave pattern.  I double the height of wave one with rectangles.
In my last post I estimated a bounce to about 2025.  Looks like we are close to that now.  I think we would have to break the 2060 area before we could begin to say we are out of the down trend but as you can see we are pushing the edge of this red fork.
What do you think is this the end of wave 4?
Take a look at the Ichimoku's Kumo and the way support falls in with the moving averages and the Andrews Pitchforks.  This should give us a signal to go short again. If it breaks below the Kijun San then it's a pretty sure signal.

Wednesday, September 23, 2015

Wednesday 2015 Sept 23

Support is likely here with a bounce to 2025 area.  The larger trend appears to be down. 
I'm expecting catastrophic collapse.

Thursday, August 20, 2015


I was wrong, about the support near 2070, but I'm hoping I was right about the support near 2020.

Wednesday, August 19, 2015

A playground for disaster.

Years ago I found Think or Swim and had a blast with my ability to write studies.  The more color and graphics the better.  I could test nearly any imaginable formula.  It was a playground for disaster.

I just read this article about charting weather, and it brought to mind these days of folly.

I'm still bullish even though today is down 25 handles.  It would not surprise me if we end the day with a long tail.

Today's Feature