Bing, Google, JGUITARSLIM, jacek
Listen to Mark S. Young's Interview on MarketView
NYSI is not in a position for a big correction here.
If anyone has indications of a big drop you can list them here if you want.
550 Views · 6 Replies ( Last reply by CLK )
Friday saved my week from being down to small weekly net profit, not much different from the first week of 2021.
Is it that all the good news has been priced into the market? Maybe....
This poll has been fairly accurate nut such a big gap between BEARS & BULLS?
1,163 Views · 34 Replies ( Last reply by 12SPX )
WTI CRUDE WEEKLY CHART UPDATE
With the price of crude dropping lower than I was looking for (a year ago), I needed to do more research and revise my fractal interpretation on WTI Crude...
This chart is my current revised fractal interpretation for WTI Crude on the weekly chart with my momentum indicator setup at the slow setting...
This is as much history as I can get in any of my charting applications, though the second two charts show the price of crude back to the 1940s (second one inflation-adjusted), so the peak in 2008 was either a WAVE:ONE or WAVE:THREE, which makes this corrective fractal a WAVE:TWO or WAVE:FOUR...
That said, it seems a Wave-c:B is in progress now, with a potential target range in the 100-110 range, then a five-segment fractal down to possibly the ~30 range would complete the corrective fractal... watching.
274 Views · 2 Replies ( Last reply by Rogerdodger )
According to my risk summation system, the days next week with the highest risk of a turn in or acceleration of the current trend in the DJIA are Tuesday the 19th and Thursday the 21st of January.
Last week's Monday the 11th risk window really didn't amount to a hill of beans, but the Thursday the 14th risk window tagged the high for the week and a nice turn down. That 51 day cycle that I noted caught that Thursday turn too. This coming week the 51 day cycle points at both Thursday the 21st and Friday the 22nd and Monday the 25th the following week as well, a pretty wide target.
The DOW close on Friday tested the top trend line of that infernal rising wedge. Given that there's a risk window this coming Tuesday, either the trend line should hold and a turn up ensue or the DOW should plunge down trapping bulls who bought the break out. I suppose events Sunday and Monday will tip the balance in favor of one or the other.
Speaking of events tipping the balance, are any of you guys watching the grains? You got beans in the teens, five dollar corn and your morning wheat toast is getting a lot more pricey. From what I read we're just one weather event away from some serious food inflation that will smoke past that goofy 2% FED target.