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COMP

10-Year Treasuries Near Support | #TNX $XAU $XAG $COMP #ForexFriends, This past April 15, 2014, I offered a relatively imminent value where the benchmark 10-Year treasuries would possibly reverse and start a new upward trajectory. In this new chart, I would like to offer mitigating views from Fibonacci values, Elliott Wave counts, and an predictive analysis, each standing in contrast to one another, and offering lower values than the one imminent support defined this past April 15th, here: "$TNX: Early BULLISH Reversal Signal ... Confirmation pending" - I decided to do this to offer the different types of traders (pattern, Elliott Waves, Fibonacci and occult geometrist) an array of technical angles, all calling for a relatively narrow support and potential reversal. Please, refer to the chart for the overall technical commentary, under "Tech-Note". Also, in the link beneath the chart, feel free to review recent analysis for Gold, Silver, DOW Composite. Thank you for your supportive readership and friendly referrals. Cheers, David Alcindor Predictive Analysis & Forecasting ------------------------------ Get my signals, forecasts and analyses via Twitter. - Alias: @4xForecaster ------------------------------
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by 4xForecaster
10
$COMP | Another 275 Weeks Of Ramped Up Rally Ending Next Month?Friends, Following a dead-on hit target @ 5786.81 defined last October 30th 2013 (see links below), we evaluated each impulses that preceded the recent two historical major market retracement - Following are (circa) dates, impulse lengths in weeks and percentage retracements: 1 - NOV 1994 to FEB 2000 / Approx. 275 weeks / 61.8% retrac. and 2 - MAR 2003 to JUN 2008 / Approx. 278 weeks / 93.5% retrac. As the current Fed-engorged impulse nears that 275-day moment, question is whether this period has any significance, and whether it is about to repeat itself into another significant decline. Historical bursting-bubble analyst have already project significant abysmal retracement projections, one most notorious is Mr. Harry S. Dent, Jr, author of several demographic based predictions that occurred with quite impressive precision outcomes. In essence, he believe that all bubbles burst, and all bubbles revert to an initial growth trendline from which the bubble was born - In the chart, the trendline is arguably drawn in yellow, although a gentle trendline might also act as a supportive target. In such case, we would be seeing DOW Composite values between 2425 to 2800, if his theory turns out to be true. In any case, the main interest here is to merely highlight what remains to be proven, which is a 175 to 178 week cycle of ramped up prices, followed by a major depressive decline that historically retraced over 2/3 of historical gains. Then again, the market (Fed, really) may have resources that could far surpass the time any single counter-trend investor may be willing to endure, especially in such artificial market. Worth keeping in mind, though. David Alcindor Predictive Analysis & Forecasting PS: Following are links to: 1 - Original $COMP forecast: - 2 - Successful Target Hit: - 3 - Additional 275-Week chart comment: - www.tradingview.com --------------------------------------------- Follow my analysis, forecasts and signals on Twitter. - Alias: @4xForecaster ----------------------------------------------
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by 4xForecaster
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DOW Composite - Target Hit Dead-On | $COMP #forex $USD $JPYFriends, About 5 months ago (October 30th, 2013), I offered a moderate probability target at 5786.81. As of this this month, target got hit dead-on. - Here: More recently, I added a lesser probability target, based on momental line/channel supports and predictive analysis result. - Here: Now that the market has rolled down from the primary target, there is serious concern as to its ability to persevere to the higher, last target. OVERALL: Once sufficient data comes in, I will provide the result of any bearish target. For the time being, some unwinding needs to take place, as I expect a consolidation period would occur at these significant levels. For these reasons, I will switch the directional indicator from LONG to NEUTRAL. My own directional bias is neutral to bearish, based on fundamental and technical concerns discussed relative to the US Dollar index and the risk-related USDJPY: - USDollar Index: - USDJPY: CHeers, David Alcindor Predictive Analysis and Forecasting Get my signals, analyses and forecasts on Twitter: (Alias: @4xForecaster) ------------------------------------- Disclaimer: - All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
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by 4xForecaster
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