Dollar - If it hasn't topped already, the dollar should put in a multi-week to multi-month top most likely in the 12/31/14 to 1/6/15 time frame. Not sure, but I think uptrend may continue higher after intermediate correction.
Crude - Target for crude oil is 50 for a likely bounce. However if it breaks below 48 then 35 is a major target. Not sure on near-term timing but I have what appears to be important change-in-trend timing for crude around the week of 2/26/15. I have no idea regarding polarity in Feb until we get closer to that timing.
Silver - For well over a year now I have had a high-probability target for silver in the 13.16 area. I plan to start buying on break of 13.20 (stop 12.48) for expected multi-month rally (presumably largest rally since the 2011 top). I was lucky enough to dump all my core longs in metals near the highs in 2011 and have remained bearish since. After this expected low and intermediate rally, I suspect the metals will likely continue the bear market into late 2016 to early 2017.
Stocks - Here's a good roundup regarding stock market sentiment.
I think stocks have most likely topped, as projections in multiple indicies have been hit over the last couple weeks. Ideally, the expanding wedge pattern on the DJIA projects a swift decline to 14,720 to 14,500 area. Ideal timing for a low in this range is 1/5/15. If we sell into that timing I will be closing shorts and reversing for awhile. If we happen to rally into the 1/5 area, I will probably hold short. Polarity is difficult to correctly guess in advance on timing projections.
As usual, DYODD as all of the above could be way off. Happy Holidays.....
Kimston
Price & Time Guesses
Started by
Kimston
, Dec 16 2014 09:35 PM
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